🧔♂️ A friendly human may check it before it goes live. More news here
BharatPe hits EBITDA breakeven, cuts losses in FY25
BharatPe, an Indian fintech unicorn, has reported adjusted EBITDA breakeven for the first nine months of FY25.
The company’s consolidated net loss for this period was 149 crore rupee (US$17.37 million), a sharp improvement from 492 crore rupee (US$57.37 million) in FY24 and 927 crore rupee (US$108.09 million) in FY23.
Its non-banking financial company (NBFC) arm, Trillion Loans Fintech, contributed positively with a profit of 29.7 crore rupee (US$3.46 million).
BharatPe’s financial turnaround follows internal disputes involving former managing director Ashneer Grover.
Under interim CEO Nalin Negi, appointed in 2022, the company saw 182% revenue growth in FY23, reaching 1,029 crore rupee (US$119.99 million).
Recent BharatPe developments
| Timeline |
|---|
03-Feb-2025 🚀 BharatPe CMO resigns to start venture
|
26-Dec-2023 📈 BharatPe’s revenue soars 182% in FY 23
|
28-Nov-2023 💰 BharatPe reports first EBITDA positive result in October
|
24-Nov-2023 ⚖️ BharatPe parent sues Ashneer Grover over confidential info posted online
|
| 19-Jan-2022 🚨 BharatPe co-founder to go on leave till March after legal tangle |
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.