BharatPe Raises INR 125 Cr Debt From Neo Group, Trifecta

Fintech unicorn BharatPe has raised INR 125 Cr (around $15 Mn) in a debt funding round co-led by Neo Group and Trifecta Capital. BharatPe issued 5,000 Series I2 and 2,500 Series D3 non-convertible debentures at INR 1 Lakh each, along with 500 Series J1 NCDs at INR 10 Lakh each, to raise the sum, as per its regulatory filings with the Registrar of Companies (RoC). Neo Group’s insurance arm, Neo Markets Services, and Trifecta Capital injected INR 50 Cr each into the fintech giant, while Alteria Capital infused INR 25 Cr. In the filing, BharatPe said it will use the fresh funds to expand its business and support its growth and other general corporate purposes. The latest funding is part of a larger, ongoing INR 400 Cr round. As part of this, BharatPe raised INR 150 Cr from Neo Wealth and Asset Management and Trifecta Capital in two tranches between November 2024 and January 2025.
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