BharatPe, a fintech company based in India’s Delhi NCR, has raised USD 15 million through debt funding from Neo Group, Trifecta Capital, and Alteria Capital. The company plans to use the funds for expansion and operational purposes while preparing for its FY27 IPO.
BharatPe, a leading Indian fintech firm headquartered in Delhi NCR, has raised USD 15 million (INR 125 crore) in debt funding, according to regulatory filings. The round was co-led by Neo Group and Trifecta Capital, with Alteria Capital also participating.
The capital was raised via the issuance of non-convertible debentures (NCDs): 5,000 Series I2 and 2,500 Series D3 priced at INR 1 lakh (USD 1,205) each, along with 500 Series J1 NCDs priced at INR 10 lakh (USD 12,048) each. Neo Group and Trifecta Capital contributed INR 50 crore (USD 6.02 million) each, while Alteria Capital invested INR 25 crore (USD 3.01 million).
The funds will be utilized for business expansion and general corporate purposes, as BharatPe aims to strengthen its financial position ahead of its planned IPO in FY27.
This development highlights a broader trend among Indian fintech startups: prioritizing profitability and regulatory compliance before public listing. BharatPe achieved breakeven on adjusted EBITDA within the first nine months of FY25, signaling its commitment to sustainable growth.
India’s evolving IPO landscape, as noted in EY’s Global IPO Trends report, indicates a shift in investor preference towards profitable, well-governed companies. In 2024, 13 Indian tech companies raised INR 29,070 crore through IPOs, reflecting this shift.
Additionally, BharatPe’s recent RBI approval to operate as a payment aggregator underscores how compliance is becoming a strategic asset for fintechs in a landscape of increasing regulatory scrutiny. With India’s fintech sector projected to hit USD 1.5 trillion by 2025, the ability to scale within regulatory frameworks is crucial for long-term success.
