BharatPe Eyes Pre-IPO Funding Amid Favorable Market Signals
BharatPe aims for a pre-IPO funding round as it achieves operational profitability. The fintech firm plans to go public once market conditions are right, with a focus on maintaining profitability. Led by CEO Nalin Negi, BharatPe has increased its stake in Trillionloans and expanded its payment solutions.
- Country:
- India
BharatPe is planning a pre-IPO funding round, with a public listing to follow when market conditions are favorable, according to the company's CEO Nalin Negi. While an IPO won't happen this financial year, the firm is focused on maintaining profitability.
The fintech firm recently announced it had achieved operational profitability by excluding the employee stock ownership plan, closing FY25 with a Rs 6 crore adjusted profit before tax. The company recovered from a loss of Rs 342 crore in FY24.
Backed by prominent investors and armed with licenses including an online Payment Aggregator from RBI, BharatPe is scaling its payment capabilities and expanding its stake in Trillionloans.
(With inputs from agencies.)
- READ MORE ON:
- BharatPe
- fintech
- IPO
- funding
- Nalin Negi
- profitability
- Trillionloans
- RBI
- Payment Aggregator
- investment
Advertisement
ALSO READ
Microfinance Sector's Path to Profitability Riddled with Challenges
Government's Commitment to Farmers: Enhancing Productivity and Profitability
Emerging technologies boost profitability and resilience in global agri-SMEs
BharatPe Achieves PBT Profitability, Signals Fintech Resilience
Kalpataru Projects: A Surge in Profitability and Growth Momentum
Google News