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How BharatPe Went From INR 5,000 Cr Loss To Break-Even
- BharatPe has made a comeback from significant losses to a break-even point, a major feat considering its tumultuous past including controversies and leadership changes.
- The company became EBITDA positive for the first time in October 2024, marking a turning point in its journey towards profitability.
- One of the key factors in BharatPe's turnaround has been its shift in focus from payments to lending, with the acquisition of an NBFC license and a small finance banking license.
- The company's revenue has surpassed INR 1,787.8 Cr in FY25, indicating significant growth and progress from previous years.
- BharatPe's move towards acquiring an NBFC and a small finance bank has enabled it to offer a comprehensive suite of financial services to merchants and consumers, setting it apart in the fintech industry.
- The company has a registered merchant base of 18 million and emphasizes that its merchant business remains the core revenue driver, contributing to over 90% of its overall revenue.
- Besides focusing on merchant services, BharatPe is expanding into consumer payments, offering features such as bill payments, credit card bill payments, loyalty programs, investments, and loans to bridge the credit gap for digital-first consumers.
- BharatPe's expansion into the B2C segment is seen as a crucial pillar of its growth strategy, with offerings like co-branded credit cards and UPI-based credit lines gaining traction.
- The company is also eyeing an IPO in the next 10-12 months, following its achievement of full-year EBITDA profitability.
- BharatPe's focus on disciplined execution, corporate governance, and fiscal discipline has been highlighted as key drivers of its turnaround and path to profitability.
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