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Exclusive: BharatPe increases its stake in Trillion Loans to 60%

EntrackrEntrackr · 1y ago
Exclusive: BharatPe increases its stake in Trillion Loans to 60%
Medial

Fintech unicorn BharatPe has invested around $8-9 million in its non banking financial (NBFC) arm Trillion Loans and increased its stake in the Mumbai-based firm to nearly 60%, two sources told Entrackr. In May 2023, BharatPe acquired a majority 51% stake in Trillion Loans. The Tiger Global-backed firm also appointed Ravindra Pandey, Nalin Negi and Sabyasachi Senapati to the board of the NBFC firm. The investment appears to be a move for instilling confidence among its external stakeholders, including the lending community and equity holders. “Trillion Loans is now valued at $100 million. BharatPe is planning to fully acquire 100% stake in Trillion NBFC by next 24 months,” said a source who requested not to be named. The person added that BharatPe is also pushing very hard to increase its stake in Unity Small Finance Bank to get more control. Currently, BharatPe owns 49% in Unity SFB whereas Centrum Group owns the remaining 51% stake. Earlier this year, BharatPe raised a larger debt round while Trillion Loans closed a separate debt from Credit Saison. Entrackr exclusively reported the development then. “The investment will enable Trillion Loans to pursue new opportunities, leverage its capital, and operate within comfortable regulatory limits,” said another source who also wished not to be named. BharatPe declined to comment on the story. BharatPe raised its last equity round in August 2021. As per media reports, it was in talks to raise a larger equity round. While the equity funding did not materialize, it has raised multiple debts in the past three years. The company is also likely to be profitable on a consolidated basis in the ongoing fiscal year (FY25). BharatPe’s operating revenue reportedly increased by 16% to Rs 1,370 crore in FY24 while its losses shrank 70% to Rs 270 crore in FY24.

Bharatpe’s Trillionloans appoints Sandeep Singh as CEO

EntrackrEntrackr · 11m ago
Bharatpe’s Trillionloans appoints Sandeep Singh as CEO
Medial

Trillionloans Fintech Private Limited (TFPL), a digital-first RBI-regulated NBFC, has appointed Sandeep Singh as its new chief executive officer. Singh will replace Sabyasachi Senapati, who will move to a new role at BharatPe Group. Senapati will continue as a whole-time Director on the Trillionloans board to support the leadership change. In May 2023, BharatPe acquired a majority 51% stake in Mumbai-based Trillion Loans. Last year, the Tiger Global-backed firm increased its stake in the Mumbai-based firm to nearly 60%. Singh has over 16 years of experience across digital lending, insurance, and software. He has worked in areas such as product, partnerships, customer service, and distribution. He will now lead Trillionloans in its next phase of growth. Trillionloans provides credit to small businesses and individuals. Its offerings include merchant loans, MSME finance, revenue-based lending, consumer credit, and vehicle loans. The company is backed by BharatPe, which holds a majority stake and has helped scale its lending operations. Singh expressed plans to drive the company’s growth with a focus on simple, tech-driven credit solutions, aiming to meet customer needs while maintaining stable and responsible operations.

BharatPe achieves breakeven at EBITDA level in first 9 months of FY25

EntrackrEntrackr · 1y ago
BharatPe achieves breakeven at EBITDA level in first 9 months of FY25
Medial

Fintech unicorn BharatPe’s net losses declined to Rs 148.8 crore in the first nine months of FY25 from Rs 492 crore in FY24. The company achieved break-even at the EBITDA level (adjusting for employee stock options) in 9M FY25. BharatPe’s non-banking financial subsidiary, Trillion Loans Fintech, reported a net profit of Rs 29.6 crore in the first three quarters of the current fiscal year, compared to a net profit of Rs 36.5 crore in FY24. BharatPe acquired a 51% stake in TFPL, which increased to 62.26% by the end of 2025. BharatPe accounted for 76% of TFPL’s total AUM, which increased to Rs 1,154 crore in the first nine months of FY25. Ind-Ra has rated Trillion Loans' Rs 250 crore bank loans at ‘BBB+’ with a stable outlook. At the consolidated level, BharatPe has raised over $583 million in equity from investors like Peak XV Partners, Tiger Global, and others. The company is planning to launch an IPO within the next 18–24 months.

BharatPe to offer two-wheeler loans and loans against mutual funds for merchants

EntrackrEntrackr · 1y ago
BharatPe to offer two-wheeler loans and loans against mutual funds for merchants
Medial

Fintech unicorn BharatPe has announced its foray into facilitation of secured loans for merchant partners on its platform. The company has launched facilitation of two-wheeler loans and loans against mutual funds (LAMF) for its existing merchant partners in the first phase. BharatPe has partnered with OTO Capital, a digital commerce and lending platform, for enabling two-wheeler loans while it has tied up with Volt Money to facilitate Loans Against Mutual Funds to its merchant partners. According to BharatPe, its merchants can now avail two-wheeler loans of up to Rs 2.5 lakh at competitive interest rates for a repayment period between 12- 48 months. With the launch of loans against mutual funds, these merchants can also avail loans of up to Rs 1 crore. The firm added that the loan disbursal and collections will be taken care of by the partner at their end. The Peak XV and Tiger Global-backed company is set to expand its offerings over the next three months, introducing a diverse range of products and lenders to meet the needs of merchants. Recently BharatPe invested around $8-9 million in its non banking financial (NBFC) arm Trillion Loans and increased its stake in the Mumbai-based firm to nearly 60%. Entrackr exclusively reported the development. It also raised Rs $10 million in debt through non-convertible debentures from Trifecta Venture and InnoVen Capital.

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