Aiming to raise $700 mn in debt over next 2 yrs: BharatPe CEO Suhail Sameer

Delhi-based BharatPe said it has raised Rs 100 cr each as debt from IIFL Wealth & Asset Management, and Northern Arc Capital

Financial services startup BharatPe said it has raised Rs 100 crore each as debt from IIFL Wealth & Asset Management, one of India’s leading wealth and asset management companies and Northern Arc Capital, one of India’s leading debt platforms. BharatPe shared that with this seventh round of debt fundraise of Rs 200 crore, it has raised a total of over Rs 500 crore in debt at competitive rates in 2021. The company added that it plans to raise $ 250 million in debt by the end of FY22.

“We have witnessed a surge in demand for merchant loans, with multi-fold growth