The debt funding is raised through issuance of non-convertible debentures (NCDs)
The company’s board issued 500 Series E1 secured, unlisted, unrated and redeemable debentures with a face value of INR 10 Lakh each
Additionaly, it has also issued 3500 Series F1 debentures at a face value of INR 1 Lakh each to raise INR 85 Cr
Fintech unicorn BharatPe
has secured a debt funding of INR 85 Cr (around $10.1 Mn ) from Trifecta Venture and InnoVen Capital through issuance of non-convertible debentures (NCDs).
The company’s board issued 500 Series E1 secured, unlisted, unrated and redeemable debentures with a face value of INR 10 Lakh each and 3500 Series F1 debentures at a face value of INR 1 Lakh each to raise INR 85 Cr, as per regulatory filings.
At INR 50 Cr, Trifecta Venture led the debt funding round while InnoVen Capital invested the remaining INR 35 Cr.
Entrackr reported the development first.
(The story will be updated soon)