BharatPe Bags $12 Mn From Alteria, Looks To Raise $700 Mn Debt By 2022
Click here to read full article from source
India, Jan. 17 -- Delhi-based merchant focused payments platform BharatPe has raised INR 90 Cr ($12 Mn) in venture debt from Alteria Capital, with the intention to raise INR 250 Cr ($34 Mn) of debt in this round. Last week, the company had raised INR 60 Cr ($8.2 Mn) in debt from InnoVen Capital.
The company intends to raise $700 Mn of debt capital over the next two years to help small merchants meet their credit needs and scale accordingly, BharatPe group president Suhail Sameer has said in a press note. The fintech startup, which enables merchants to access credit and other value-added financial services, claims to have facilitated disbursement of over INR 800 Cr till date to merchants listed on the platforms.
BharatPe was founded by A...
To read the full article or to get the complete feed from this publication, please Contact Us