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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
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. ....

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BharatPe raises Rs 50 cr debt from Northern Arc


BharatPe raises Rs 50 cr debt from Northern Arc
​ By
IANS
|
Published on
​ Mon, May 10 2021 14:03 IST
|
​ 6 Views
Rupee. (File Photo: IANS). Image Source: IANS News
New Delhi, May 10 : Financial services company BharatPe on Monday said it has raised Rs 50 crore in debt from Northern Arc Capital, one of the leading digital debt finance platforms.
This is the sixth round of debt financing in 2021, the company said.
In January, the company had raised Rs 200 crore from three top debt companies in the country Alteria Capital, InnoVen Capital and Trifecta Capital, having later raised additional capital from ICICI Bank and Axis Bank. ....

New Delhi , Suhail Sameer , Axis Bank , Northern Arc Capital , Innoven Capital , Trifecta Capital , Group President , Northern Arc , Bama Balakrishnan , புதியது டெல்ஹி , சுஹைல் அதே , அச்சு வங்கி , வடக்கு வில் மூலதனம் , ட்ரிஃபெக்டா மூலதனம் , குழு ப்ரெஸிடெஂட் , வடக்கு வில் , பாமா பாலகிருஷ்ணன் ,

SME lending startup BharatPe raises ₹50 crore in debt from Northern Arc Capital


Northern Arc Capital, one of the leading digital debt finance platforms.
This is the sixth round of debt financing in 2021, the company said.
In January, the company had raised ₹200 crore from three top debt companies in the country Alteria Capital,
InnoVen Capital and
ICICI Bank and
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We have considerably ramped up our lending business in the last year and have set an ambitious target of facilitating disbursals to the tune of $1 billion to more than 10 lakh merchants by the end of current fiscal (FY22), said Suhail Sameer, Group President, BharatPe.
We are excited about our latest capital raise from Northern Arc and are confident that, together, we will be able to transform Bharat and serve the needs of the underserved businesses in India, he added. ....

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