BharatPe, a QR-based payments platform for online merchants, has raised Rs 60 crore debt funding from New Delhi based InnoVen Capital. This marks the first round of debt financing for BharatPe.
BharatPe was founded in 2018 by Ashneer Grover and Shashvat Nakrani. The fintech payments platform’s President Suhail Sameer confirms that the company plans to raise $500-700 million of debt capital over the next 2 years.