Fintech unicorn BharatPe has secured a debt funding of INR 85 Cr from Trifecta Venture and InnoVen Capital India through issuance of NCDs 👇

At INR 50 Cr, Trifecta Venture led the debt funding round while InnoVen Capital invested the remaining INR 35 Cr.

This funding was secured through the issuance of non-convertible debentures, with the company issuing 500 Series E1 debentures at INR 10,00,000 each and 3,500 Series F1 debentures at INR 1,00,000 each.

This marks the second debt infusion for BharatPe in 2024, following a previous $100 million debt round earlier in the year. InnoVen Capital was expected to invest between $60-70 million in BharatPe, while other investors, including Credit Saison, contributed to the capital for BharatPe's non-banking financial company (NBFC) subsidiary, Trillion Loans.

BharatPe, founded in 2018, has been a significant player in the fintech sector, known for innovations such as India's first UPI interoperable QR code and zero MDR payment acceptance service.

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Credit - Inc42 Media