Indian fintech BharatPe targets profitability, IPO

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Indian fintech BharatPe targets profitability, IPO

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Indian fintech company BharatPe aims for its first full-year profitability in FY 2024-25, moving past disputes with its former CEO and preparing for an IPO.

CEO Nalin Negi said that the IPO process could take 18-24 months, depending on market conditions. But, he did not disclose the potential IPO size.

BharatPe’s revenue grew to 1,426 crore rupees (US$166.1 million) in FY 2023-24, and its achieving EBITDA profitability.

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