India, Jan. 14 -- Fintech major BharatPe has raised a debt funding of INR 150 Cr from Neo Wealth and Asset Management and Trifecta Capital.

Out of the INR 150 Cr, INR 25 Cr was raised in January, while the rest was raised in November last year.

Meanwhile, as per a report by ET, the company said it is targeting achieving EBITDA profitability in the financial year ending March 2025 (FY25).

Nalin Negi, CEO of BharatPe, told the publication that the company is mulling launching mutual funds and insurance offerings in the near future.

The company, as per the report, is also planning to apply for the offline payment aggregator licence as soon as the Reserve Bank of India (RBI) opens the applications.

Negi also said that the company would n...