Venture debt firm InnoVen Capital has invested INR 60 Cr in BharatPe to kickstart the fintech startup’s 2021 fundraising. The funding comes at a time when the Delhi-based digital payments company had recorded 6.15 Cr merchant UPI transactions worth INR 3,334 Cr ($479 Mn) in November 2020 to lead the UPI-based peer-to-merchants payments market in India. BharatPe claimed to have taken over Google to become the third-largest player in the merchant UPI payments. The company claims to have reached an all-time high of 5% market share by transaction and 7% market share by transaction value.