BharatPe loan-book crosses ₹1,000 cr; targets ₹1,250 cr disbursal by Mar

Small merchants-focused credit supplier BharatPe has grown 10 times during the fiscal year so far, surpassing its full-year target of lending ₹1,000 crore of loans, and now expects to end the fiscal disbursing over ₹1,250 crore, a top company official said.

So far, BharatPe has given loans to over 1.1 lakh merchants across 75 cities. It lists Delhi-NCR, Bengaluru, Hyderabad and Pune as its top performing cities where credit demand has been led by customers/merchants from groceries, food and beverages, and fashion, retail and beauty segments.

Suhail Sameer, group president at BharatPe, said it has benefited hugely from the lockdown-induced credit crunch that small traders and self-employed have faced, helping it emerge as one of the largest B2B fintech lenders, disbursing ₹200 crore to its merchant partners consistently month-on.