How BharatPe Went From INR 5,000 Cr Loss To Break-Even

Share via:


Three years after the Ashneer Grover controversy broke out and dragged BharatPe into months of turmoil, the fintech giant has made a comeback of sorts. And while we still await the results for FY25, as we saw this week, the company has bounced back from losses to a break-even point. 

Specifically, it has reached this position after the first nine months of the fiscal year from a net loss of INR 492 Cr FY24. How did the company get there, especially when other fintech companies with higher revenue are striving to reach this mark? 

Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

How BharatPe Went From INR 5,000 Cr Loss To Break-Even


Three years after the Ashneer Grover controversy broke out and dragged BharatPe into months of turmoil, the fintech giant has made a comeback of sorts. And while we still await the results for FY25, as we saw this week, the company has bounced back from losses to a break-even point. 

Specifically, it has reached this position after the first nine months of the fiscal year from a net loss of INR 492 Cr FY24. How did the company get there, especially when other fintech companies with higher revenue are striving to reach this mark? 

Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Delhi Court Summons Vivo Executives In Money Laundering Case

SUMMARY A Delhi court has summoned Vivo’s CEO Shen...

Apple research tackles the English accent of AI

Ask any non-native English speaker, and they’ll probably...

iPhones set for takeoff from new Foxconn unit

Apple’s Taiwanese contract manufacturer Foxconn is poised to...

Popular

Upcoming Events

ETtech Deals Digest: Startups raise $158 million this week;...

Startups raised around $157.7 million between May 10...

OpenAI takes on Google Gemini Anthropic with AI coding...

OpenAI launched a research preview of Codex, a...

OpenAI to help UAE develop one of world’s biggest...

OpenAI plans to help develop a massive new...
iptasdsadfv iptasdfv iptasddsdfv dfasdfas dfsdfas dfdfsdasdas dfdasdfasdas dfdfdfassadfasdas