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