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BharatPe, an Indian fintech company founded in 2018, provides financial services to merchants, including QR code-based payments and lending solutions. The company has experienced rapid growth, raising over $812 million in funding and achieving a valuation of $2.85 billion in its last funding round in 2021.
Recent reports suggest BharatPe is exploring the possibility of an initial public offering (IPO) in the future. The company's interim CEO and CFO, Nalin Negi, has indicated that while BharatPe is not yet IPO-ready, they are working towards that goal. In a recent interview, Negi outlined plans to achieve full-year profitability in FY25 and expand the company's product offerings in collaboration with Unity Small Finance Bank.
BharatPe's potential IPO prospects are supported by its strong growth trajectory and recent financial milestones. The company reported its first profitable month in October 2023, marking a significant step towards sustainable profitability. Additionally, BharatPe is focusing on widening margins and revenue across business lines by lowering the cost of funds for credit, reducing credit loss, and cross-selling products to its 13 million merchant base.
However, the company faces challenges that may impact its IPO timeline. BharatPe has experienced leadership changes and corporate governance issues in the past, which could influence investor sentiment. The company is also operating in a competitive fintech landscape, with rivals like Paytm and PhonePe vying for market share.
As BharatPe continues to strengthen its financial position and expand its offerings, investors and industry observers will be closely watching for further developments regarding its potential IPO. The company's ability to maintain growth, achieve consistent profitability, and navigate regulatory challenges will likely play crucial roles in determining the timing and success of any future public offering.
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While BharatPe's IPO prospects remain uncertain, investors eager to explore opportunities in the Indian fintech space don't have to wait. At Linqto, we offer members access to interests in promising private companies before they go public. Our platform provides exposure to a diverse range of pre-IPO investments, including potential leaders in the fintech sector, with lower minimum investments than traditional private equity opportunities. This could allow you to potentially benefit from the growth of companies like BharatPe before they hit the public markets.
1 - The Times of India - Omnichannel retailer FirstCry aims to raise $500-600 million from its public listing and is likely to file its draft IPO papers in the next few days. This and more in today’s ETtech Top 5.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.
