BharatPe’s FY22 revenue jumps 169%; loss widens to Rs 5,594 crore

BharatPe’s revenue jumped 169% to Rs 321 crore in the financial year ending March 31, 2022 (FY22), but losses touched Rs 5,594 crore in the same period, the fintech company said on Thursday.

The New Delhi-based startup said the widening losses were due to a change in the fair value of its compulsory convertible preference shares (CCPS) worth Rs 4,782 crore.