BharatPe, an Indian fintech firm, reported a 39% revenue increase to Rs 1,426 crore in FY24.
BharatPe, an Indian fintech firm, reported a 39% revenue increase in FY24, reaching Rs 1,426 crore. Its consolidated loss before tax dropped 50% to Rs 474 crore, while EBITDA loss decreased 75% to Rs 209 crore. The company significantly reduced cash burn by 85% and achieved EBITDA positivity in October 2024. CEO Nalin Negi announced plans to expand lending services and launch new products for merchants, including POS devices and soundboxes.
3 months ago
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