BharatPe raises Rs 100 Cr in debt

Digital payments and lending company BharatPe has raised Rs 100 crore or close to $14 million in a debt round led by MAS Financial Services. This is the eighth round of debt fundraising for the company in 2021.

BharatPe has raised a total of over Rs 600 crores or $ 84 million in debt at competitive rates, this calendar year. It previously raised seven rounds of debt financing in 2021.

Three-year-old BharatPe serves over 70 lakh merchants across over 140 cities. It processes over 11 crore UPI transactions per month (annualised transaction processed value of over $11 billion).

The company has already facilitated disbursement of loans totalling to over Rs 2,800 crore to its merchants since launch.

BharatPe has raised over $650 million in equity and debt, till date. Its investors include Tiger Global, Dragoneer Investment Group, Steadfast Capital, Coatue Management, Ribbit Capital and others.