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Fintech unicorn Bharat Pe has raised Rs 85 crore ($1.02 million) in debt through non-convertible debentures from Trifecta Ventures and InnoVen

Capital India

The investment came from Trifecta Venture Debt Fund II, which invested Rs 50 crore, and InnoVen Capital India Fund, which invested Rs 35 crore.

The board at BharatPe has issued 500 Series E1 debentures at Rs 10,00,000 each and 3,500 Series F1 debentures at Rs 1,00,00 each.

BharatPe opted for debt financing to avoid equity dilution as it approaches break-even.

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