Fintech startup BharatPe has raised Rs 100 crores (~$ 14 million) in debt from MAS Financial Services Private Limited (MAS Financial), a non-banking financial company. This is the eighth round of debt fundraising for the company in 2021.
BharatPe has raised a total of over Rs 600 crores (~$ 84 mn) in debt at competitive rates, this calendar year. It previously raised seven rounds of debt financing in 2021, having secured over Rs 500 crores from top venture debt funds (Alteria Capital, InnoVen Capital and Trifecta Capital), banks (ICICI Bank and Axis Bank), NBFCs (Northern Arc Capital) and wealth management companies (IIFL Wealth & Asset Management) in the earlier rounds. The company is on track to meet its debt raise targets for FY22.
