Fintech startup BharatPe said it has raised Rs 200 crore in debt funding from IIFL Wealth and Asset Management and Northern Arc Capital, marking its seventh debt raise in 2021. The startup added that it plans to raise $250 million in debt by the end of FY22.
BharatPe expects to use funds from the latest round to scale its lending business extensively, given the upcoming festive seasons and seeing a huge demand for merchant loans recently.
