Bharat Pe records 182% revenue growth in FY23, trims losses
Mint Mumbai|December 27, 2023
Fintech unicorn BharatPe on Tuesday announced that its revenue from operations climbed 182 yearon-year to 1904 crore in FY23, while loss before tax fell to ₹886 crore from 15,594 crore during the period.
Bharat Pe records 182% revenue growth in FY23, trims losses

BharatPe, in a release, said its financial performance for the fiscal year 2023, showcased substantial growth and strategic advancements across key business segments.

The company asserted that its strategic focus going forward is on sustained profitability, scaling lending, and launching new merchant-centric products.

"The fintech firm recorded 182% increase in revenue from operations in FY23, from ₹321 crore in FY22 to 1904 crore in FY23," the release said.

Denne historien er fra December 27, 2023-utgaven av Mint Mumbai.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra December 27, 2023-utgaven av Mint Mumbai.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA MINT MUMBAISe alt
Small loans can spell big trouble for Indian banks
Mint Mumbai

Small loans can spell big trouble for Indian banks

Watch out for signs of stress in India's micro-finance sector. Bad loans, even if small, extract a cost by way of reduced profits as well as higher interest charges on credit across the board

time-read
2 mins  |
November 14, 2024
Mint Mumbai

India should redesign its public safety signs to save lives

Mind studies suggest that the use of photographs depicting fear could trigger safe behaviour

time-read
4 mins  |
November 14, 2024
Burberry is looking like a fine acquisition target this winter
Mint Mumbai

Burberry is looking like a fine acquisition target this winter

This brand known for its chequered story can surely perform better

time-read
3 mins  |
November 14, 2024
The Washington Consensus has collapsed and it won't be missed
Mint Mumbai

The Washington Consensus has collapsed and it won't be missed

The combination of free-market capitalism and electoral democracy that it promoted has failed to serve everyone equitably

time-read
4 mins  |
November 14, 2024
India's statistics ministry has a new sense of purpose
Mint Mumbai

India's statistics ministry has a new sense of purpose

The flurry of activity to get India's statistics right is laudable but we await regulatory design clarity

time-read
3 mins  |
November 14, 2024
The rupee could suffer collateral damage if a currency war ensues
Mint Mumbai

The rupee could suffer collateral damage if a currency war ensues

The US election is a game-changer for foreign-exchange markets that will test the rupee and RBI

time-read
3 mins  |
November 14, 2024
PASSIVE INCOME STRATEGIES FOR MSMEs: SECURE GROWTH, STABILITY IN UNCERTAIN TIMES
Mint Mumbai

PASSIVE INCOME STRATEGIES FOR MSMEs: SECURE GROWTH, STABILITY IN UNCERTAIN TIMES

I Forging diverse passive income streams takes time, but steady approach builds a strong base

time-read
3 mins  |
November 14, 2024
Mint Mumbai

Securing financial future of a child with special needs: A parent's guide

If you have a special needs child, especially with communication disability, how can you best secure his or her financial future?

time-read
1 min  |
November 14, 2024
A simple guide for NRIs to invest in Indian MFs online
Mint Mumbai

A simple guide for NRIs to invest in Indian MFs online

Unlock a wide range of investment options from anywhere with just a few simple clicks

time-read
4 mins  |
November 14, 2024
HOW FOUR INDIAN STATES ARE WOOING FOXCONN
Mint Mumbai

HOW FOUR INDIAN STATES ARE WOOING FOXCONN

The Taiwanese manufacturing powerhouse has already invested $10 billion. Now, it wants to expand

time-read
7 mins  |
November 14, 2024