BharatPe loan-book crosses Rs 1K cr; targets Rs 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 Rs 1,000 crore of loans, and now expects to end the fiscal disbursing over Rs 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 per forming cities where credit demand has been led by customers/merchants from groceries, food and beverages, and fashion, retail and beauty segments.