BharatPe raises Rs 50 crore debt from Northern Arc; sixth debt fund raise in 2021
BharatPe raises Rs 50 crore debt from Northern Arc; sixth debt fund raise in 2021/ Representational Image
BharatPe raised Rs 50 crore ($ 7 million) in debt from Northern Arc Capital, a digital debt finance platform that is focused on improving access to finance for under-served businesses and individuals in India. This is the sixth round of debt financing for BharatPe in the year 2021.
The company had raised Rs 200 crore ($ 26 million) from three top debt companies in the country - Alteria Capital, InnoVen Capital and Trifecta Capital in January 2021. The company had later raised additional capital from ICICI Bank and Axis Bank.