BharatPe, a Tiger Global-backed fintech startup, has raised Rs 135 crore (approximately $14 million) in a debt funding round led by InnoVen Capital, ahead of a potential initial public offering (IPO). The funding round also included investments from Neo Group and Alteria Capital, as per the company's regulatory filings with the Registrar of Companies.
InnoVen Capital led the round with an Rs 80 crore investment, while Neo Group contributed Rs 40 crore through two alternative investment funds, and Alteria Capital invested Rs 15 crore. BharatPe’s board allotted 13,500 non-convertible debentures with a face value of Rs 1 lakh each to raise the funds. This follows a previous Rs 90 crore debt round led by RevX Capital earlier this year.
Alongside the funding, BharatPe has received shareholder approval to merge its payment aggregator businesses, combining its online and physical payment aggregator operations into a single entity. The merger involves Resilient Payments Private Limited, which holds an online payment aggregator license from the Reserve Bank of India, being merged into Resilient Innovations Private Limited, BharatPe’s parent company. This restructuring aligns with the RBI’s Master Directions on Regulation of Payment Aggregators issued in September 2025, which regulate both online and offline payment aggregation activities.
The consolidation aims to streamline BharatPe’s payment aggregator business ahead of its IPO plans. The company’s regulatory filings confirm the allotment of 13,500 non-convertible debentures totaling Rs 135 crore, marking a significant step in its pre-IPO financing strategy.