BharatPe's income increased 39% to Rs 1,426 crore in FY24, while losses decreased by 50%

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BharatPe, a fintech startup situated in New Delhi, reported a 39% growth in operational revenue for FY24, hitting Rs 1,426 crore from Rs 1,029 crore in FY23

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Over the past three years, BharatPe has experienced sustained revenue growth, increasing from Rs 119 crore in FY21 to INR 1,426 crore in FY24

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In FY24, the company's consolidated loss before taxes decreased by 50% to Rs 474 crore, from Rs 941 crore in the previous year

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The company's consolidated EBITDA loss before share-based payment expenses decreased by 75%, from Rs 826 crore in FY23 to Rs 209 crore in FY24

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BharatPe is always increasing its product offerings to benefit both merchants and consumers

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The fintech unicorn has expanded into secured lending, collaborating with OTO Capital and Vol Money to offer loans for two-wheelers and mutual funds

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In FY24, the company's average merchant lending portfolio increased by 40% year on year, indicating favourable feedback from consumers and partners

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The company plans to expand its lending vertical and offer new services such as POS terminals, soundboxes, and more

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