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BharatPe's FY24 Revenue Skyrockets to INR 1,426 Cr

  • BharatPe's FY24 revenue surged 39% to INR 1,426 Cr from INR 1,029 Cr in FY23.
  • EBITDA loss, excluding share-based payment expenses, dropped 75% to INR 209 Cr.
  • Pre-tax loss halved to INR 941 Cr from INR 474 Cr in FY23.
  • The fintech unicorn managed to reduce its cash burn by 85% in FY24.
  • BharatPe's lending portfolio saw a 40% YoY growth, primarily catering to merchants.

Source: Inc42

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Their UPI app is the best out there.... The company which lets their product speak... Kudos to them 🥂🎉

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ET just published a story on BharatPe raising $100M soon (or at least beginning the process to). I’ve heard business is growing well despite exits. How do you feel?

Do you think the company is going to come good and stabilize as a fint...