BharatPe turns Ebitda positive in Oct, annualised revenue up Rs 1,500 cr

Fintech startup BharatPe turned Ebitda positive in October, clocking annualised revenue of Rs 1,500 crore, a 31 per cent increase from financial year 2023 (FY23).

The Gurugram-based company said it turned Ebitda (earnings before interest, taxes, depreciation, amortisation) positive on the back of business growth across and reduced burn, which averaged Rs 60 crore per month in FY23.

“This milestone reflects the trust bestowed upon us by our vast network of over 13 million merchant partners. October was a great month for us – we achieved significant growth with loans facilitated on our platform,” said Nalin Negi, chief financial officer and interim chief executive officer (CEO) of BharatPe.