Peak XV-Backed OneCard Secures INR 95 Cr Debt

SUMMARY

The board at OneCard has passed a special resolution to issue 9,500 non-convertible debentures (Series B Debentures) with a face value of INR 1,00,000

The company plans to deploy the proceeds for business operations

According to the securities subscription agreement, the debentures have a tenure of 30 months and are entitled to an annual interest rate of 13.85%

Fintech unicorn OneCard has secured INR 95 Cr ($11.44 Mn) in debt capital from venture debt fund Alteria Capital.

The board at OneCard has passed a special resolution to issue 9,500 non-convertible debentures (Series B Debentures) with a face value of INR 1,00,000, for raising INR 95 Cr, as per regulatory filings.

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