BharatPe is a fintech platform that secured $10 million from Innoven and Trifecta in its second debt  funding round. The funding round saw participation from new and existing investors including Coatue  and Peak XV partners. This marks the second debt funding round for the startup. BharatPe is a platform  that offers both efficient and secure transaction processes helping users to make faster and more  efficient payments. 

The board has approved a resolution to allot 500 series E1 debentures at an issue price of Rs 10,00,000  each and 3,500 series F1 debentures at Rs 1,00,00 per debenture to raise 10 million USD. Trifecta  Ventures led the debt funding round with a Rs 50 crore investment followed by Innoven Capital with  Rs 35 crore. According to the company filing, the startup will use these fresh proceeds for working  capital purposes and market expansion. The fintech startup completed its debt round of $100 million  earlier this year. Innoven Capital was expected to invest around $60 to $70 million. Credit Saison  invested the remaining capital in the Trillion Loans, an NBFC subsidiary under Bharatpe.  

The digital platform offers grocery stores and small merchants different financial services options. The  startup turned unicorn in 2021 after its equity funding round. The application also provides fintech  services like loans. It plans to expand its services using this investment. The company intends to solidify  its online presence and increase its client and customer base across India. The startup has secured  over $650 million across multiple equity and debt funding rounds to date. The platform helps  merchandisers and small grocery stores accept payments from guests for free. BharatPe faces  competition from other fintech platforms such as PhonePe, benow, and Paytm. 

The Arch report announced that BharatPe had around a 16 percent increase in its operating revenue  to Rs 1,370 crore in FY24. The fintech unicorn also reported a 70 percent decline in its losses to Rs 270  crore in the same duration. The platform leverages advanced technologies to operate transactions in  real-time securely. The startup aims to make the digital financial platform accessible, and transparent  to all. This fintech unicorn uses a technology-driven approach to offer its services in the financial  marketplace. The development came just after the fintech sector showed increased interest from  investors. 

Conclusion: 

BharatPe is a digital financial platform offering fintech startup that secured $10 million in its debt  funding round from Trifecta ventures with the participation of Innoven Capital and other existing  investors. The company intends to use this fresh capital to enhance its platform, scale its operations,  and expand its services into the fintech market. The platform provides various fintech services  including loans. The startup plans to expand its network globally and increase its customer base. The  board passed a resolution to issue series E1 debentures and 500 series F1 debentures to raise $10  million. The company has secured around $650 million across multiple equity and debt rounds to date.