BharatPe sets sights on IPO in 18-24 months, targets 30% revenue growth in FY25

Financial technology startup BharatPe is set to join the initial public offer (IPO) bandwagon. Depending on market conditions, the company is planning to launch its initial share sale in the next 18-24 months, said its Chief Executive Officer (CEO) Nalin Negi.

When asked if the company has started working on the pre-IPO checklist on compliance, governance, and financial metrics, he said that the finances are streamlined, and the fintech is completely focused on the control and governance aspects.

BharatPe hopes 30% revenue growth in FY25

BharatPe expects revenue growth of about 30% in the financial year 2024-25. It also aims to turn full-year earnings before interest, taxes, depreciation, and amortisation (EBITDA) positive.

"We are looking at a full-year EBITDA profitability in 2024-25, and that is what is going to happen for BharatPe," he said.

The company had achieved EBITDA profitability for the first-ever time in October 2023.

"We will look at somewhere around 30% growth in FY25, and we will be happy to beat that number," he added.

BharatPe Financials

The company's consolidated EBITDA loss before share-based payment expense shrinked sharply by 75% year-on-year (YoY) to ₹209 crore in FY24.

The revenue from operations surged 39% YoY to ₹1,426 crore, and net loss reduced 50% YoY to ₹474 crore from ₹941 crore earlier.