India, Sept. 26 -- Fintech unicorn BharatPe slashed its net losses by 82% to INR 88.2 Cr in the fiscal year 2024-25 (FY25) compared to INR 492 Cr in the year ago fiscal.
The improved numbers came on the back of growing operating revenue, which rose nearly 17% to INR 1,667 Cr in the fiscal under review as against INR 1,426.1 Cr in FY24.
Including other income of INR 67 Cr, BharatPe's total income for FY25 stood at INR 1,733.6 Cr as against INR 1,486 Cr in FY24.
The financial statements come a month after BharatPe CEO Nalin Negi claimed profitability on an adjusted basis in FY25. Speaking with Inc42 in August, Negi said that the company minted a profit before tax of INR 6 Cr, excluding ESOP expenses.
At this time, he attributed the turn...
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