BharatPe logs nearly 3-fold revenue growth in FY23, trims losses

New Delhi: Fintech unicorn BharatPe on Tuesday announced that its revenue from operations climbed 182 per cent year-on-year to Rs 904 crore in FY23, while loss before tax fell to Rs 886 crore from Rs 5,594 crore during the period.

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 per cent increase in revenue from operations in FY23, from Rs 321 crore in FY22 to Rs 904 crore in FY23,” the release said.