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Business and Finance
Source : (remove) : inc42
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  • Sun, March 30, 2025

by: inc42

How BharatPe Went From INR 5,000 Cr Loss To Break-Even

BharatPe's strong focus on the core merchants lending and payments biz has paved the way for profitability despite its somewhat tainted past
  • Sat, March 29, 2025

by: inc42

How 9AI Is Automating Workflows For Indian Enterprises

AI automates business operations, extracts actionable insights from datasets and streamlines workflows across industries
  • Fri, March 14, 2025

by: inc42

Lendingkart's Founder On Balancing Growth, Regulation And Public Market Expectations

With its assets under management nearing the INR 10K Cr mark (exactly INR 7,127 Cr as of March 2024) and an IPO slated in 18-24 months, it is poised to move to the next level.
  • Thu, February 20, 2025

by: inc42

How Stockwiz Is Leveraging AI To Democratise F&O Trading For Retail Investors

Around 80-85% of their revenues come from futures and options (F&O) traders, a highly speculative and leveraged stock market segment. Even an industry-leading full-service brokerage like AngelOne reportedly gains around 84% of its earnings from the F&O segment.
  • Mon, February 3, 2025

by: inc42

How AssetPlus Turned Mutual Fund Distribution Into A Scalable Tech Ecosystem

The platform provides MFDs with proprietary research on best-performing financial products, marketing materials and training programmes to improve advisory skills.
  • Mon, January 27, 2025

by: inc42

Captain Fresh's IPO Playbook: Tapping Global B2B Opportunity, Acquisition Plans & B2C Ambitions

Captain Fresh aims to list on the bourses in India by the end of 2025 , Utham Gowda CEO of the B2B seafood startup told us.
  • Fri, January 24, 2025

by: inc42

Game Of Drones: How DroneAcharya Plans To Rule Indian Skies With AITMC

Soon after signing a term sheet with AITMC for a merger, DroneAcharya's Prateek Srivastava said it will act as a "force multiplier" for both
  • Fri, December 27, 2024

by: inc42

Manmohan Singh: How The Former PM Planted The Seeds Of India's Startup Revolution

Three decades later, the nation mourns the demise of former PM Manmohan Singh, who breathed his last in Delhi at the age of 92.
  • Tue, December 24, 2024

by: inc42

Delhivery Boosts Its Supply Chain And Logistics Verticals With Two Appointments

Delhivery has roped in Navneet Kumar as the head of supply chain services division and Yubi Surajit Das to lead its logistics platform OS1 Both Kumar and Das have experience in leadership roles spanning across enterprise sales, supply chain management and technology, Delhivery said in a statement
  • Thu, December 19, 2024

by: inc42

Blinkit Ropes In Former Flipkart Executive As CFO

Zomato-owned quick commerce platform Blinkit has roped in Vipin Kapooria as the company's new chief financial officer (CFO)
  • Wed, December 18, 2024

by: inc42

Leadership Exodus: Founders, CEOs Who Quit Their Startups In 2024

One of the most common occurrences in the world's third-largest startup ecosystem, besides yearly layoffs, ESOP buybacks, and unicorn creation, among others, is cofounders and leaders at the helm exit
  • Tue, December 17, 2024

by: inc42

Aye Finance Files DRHP For INR 1,450 Cr IPO

The IPO will include a fresh issue of equity shares worth INR 885 Cr and an offer-for-sale (OFS) amounting to INR 565 Cr
  • Mon, December 16, 2024

by: inc42

Zomato's Business Finance Head Hemal Jain Quits

Zomato's global head of finance Hemal Jain is stepping down from the company after a six-year long stint to "explore other opportunities".
  • Thu, December 12, 2024

by: inc42

How TVS Capital Funds Is Reinventing Its Investment Playbook After Two Decades

Since its launch in 2007, TVS Capital Funds has deployed nearly INR 3,000 Cr from three growth focussed PE funds, fully exited its first two funds and deployed 96% of its third fund
  • Tue, December 10, 2024

by: inc42

Zepto HR Head Martin Dinesh Gomez Resigns

Zepto's chief human resource officer Martin Dinesh Gomez has stepped down after serving less than a year at the quick commerce startup

How BharatPe Went From INR 5,000 Cr Loss To Break-Even

BharatPe's strong focus on the core merchants lending and payments biz has paved the way for profitability despite its somewhat tainted past
BharatPe, a fintech startup, managed to transition from a staggering loss of INR 5000 crore to achieving break-even through a series of strategic maneuvers and operational overhauls. Initially facing financial turmoil due to high cash burn rates and governance issues, the company under the leadership of new CEO Nalin Negi, implemented stringent cost-cutting measures. This included reducing the workforce by 25%, renegotiating terms with vendors, and focusing on core business operations like lending and payment solutions. BharatPe also diversified its revenue streams by introducing new products like Swipe, Soundbox, and POS machines, which not only helped in reducing dependency on a single revenue source but also increased merchant engagement. Additionally, the company improved its governance by settling legal disputes, enhancing internal controls, and ensuring compliance, which restored investor confidence. These efforts, combined with a focus on profitability over growth, allowed BharatPe to not only stabilize but also to break even, marking a significant turnaround in its financial health.

Read the Full Inc42 Article at:
https://inc42.com/features/how-bharatpe-went-from-inr-5000-cr-loss-to-break-even/

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