BharatPe Value Surges Past $2B in Just 3 Months

BharatPe Value Surges Past $2B in Just 3 Months. The fintech company's valuation has skyrocketed to over $2 billion in a remarkably short period.

This rapid growth is a testament to the company's innovative approach to financial services in India. BharatPe's unique model has resonated with consumers and businesses alike.

The company's valuation has more than doubled in just three months, a staggering feat that underscores its potential for future growth.

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BharatPe's POS business has grown to $2 billion annualized transaction value in just 3 months post the launch, making it the fastest ever scale up on POS in the industry.

The company's POS business now contributes to 25 per cent of the annualized transaction value, and it plans to ramp it up to 40 cities by the end of the current fiscal year.

BharatSwipe, the POS machine from BharatPe, is India's first zero rental card machine that offers merchants the option for zero transaction charges, allowing them to accept payments from a range of credit and debit cards.

The company has set a target of $5 billion POS annualized transaction value from the POS business by end of FY21, and it has close to 35,000 machines in the market, targeting 1,00,000 POS machines deployment by the end of the current fiscal.

BharatPe has installed over 1 lacs BharatSwipe machines across 16 cities in the country, supporting transactions of over Rs 1,400 crore every month.

BharatPe's POS business has reached a remarkable milestone, with an annualized transaction value of $2 billion in just 3 months.

This achievement is a testament to the company's innovative approach to the market, particularly with the launch of BharatSwipe, India's first zero rental card machine.

BharatSwipe offers merchants the option for zero transaction charges, making it an attractive solution for small merchants across various industries.

The company's POS business now contributes to 25% of the annualized transaction value.

BharatPe aims to expand its POS business to 40 cities by the end of the current fiscal year.

The company currently has close to 35,000 machines in the market and is targeting 1,00,000 POS machines deployment by the end of the current fiscal.

BharatPe's POS business has seen a significant response from small merchants, including kirana store owners, restaurant owners, and entrepreneurs with 4-5 outlets.

The company's average daily active merchants on POS are much higher than the industry average.

BharatPe will be aggressively focusing on building this business as it expands to newer markets.

The company has recently launched cash advance loans based on the merchant's POS transaction data, which has shown promising initial results.

BharatPe aims to achieve a $5 billion POS annualized transaction value from the POS business by the end of FY21.

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BharatPe's revenue model is built around providing a digital payments platform to its consumers and merchants. The company credits merchants for transactions digitally, offering them a cheaper interest option.

BharatPe's revenue model is interdependent with its application usage, creating a cyclical connection that boosts revenue on its platform. This approach focuses on the merchant side of the business, which is crucial for a startup like BharatPe.

By providing credits to merchants, BharatPe encourages them to use the platform more, increasing revenue for the company. This model has helped BharatPe scale up its business rapidly.

As of August, 2021, BharatPe had already disbursed over $300 million in unsecured loans to 2 lacs+ merchant partners, with an outstanding loan book of over $100 million.

BharatPe's operating revenue increased significantly from Rs 119 crore in FY21 to Rs 456.8 crore in FY22, a growth of 284%.

The company's losses also increased, from Rs 277 crore in FY21 to Rs 828.8 crore in FY22. This suggests that while BharatPe is growing rapidly, it's still struggling to achieve profitability.

BharatPe has achieved positive EBITDA in October 2023, which is a significant milestone for the company.

BharatPe's operating revenue has seen a significant increase from Rs 119 crore in FY21 to Rs 456.8 crore in FY22.

The company's profit/loss has also changed, increasing from a loss of Rs 277 crore in FY21 to a loss of Rs 828.8 crore in FY22. This is a substantial jump in losses.

BharatPe's total expenses have risen from Rs 462 crore in FY21 to Rs 1,483 crore in FY22, with various expense categories contributing to this growth.

Here's a breakdown of BharatPe's expense verticals:

BharatPe's EBITDA margin has been negative in both FY21 and FY22, with a margin of -140.97% in FY21 and -104.48% in FY22.

BharatPe has partnered with the National Payments Corporation of India (NPCI) to facilitate credit card transactions on the Unified Payments Interface (UPI) in India.

The RBI's recent move to link RuPay credit cards to UPI has enabled this partnership, allowing for a quick payment experience with the benefits of short-term credit and rewards provided by credit cards.

Through this collaboration, BharatPe aims to provide clients with a seamless payment experience, leveraging the advantages of UPI and credit cards.

BharatPe has raised a total amount of $680.5 million in over 11 rounds of funding.

The company's growth has been rapid, with it becoming the 4th largest player in the UPI portion after Google Pay, PhonePe, and PayTm as of December, 2021.

BharatPe's POS business has grown to $2 billion annualized transaction value in just 3 months post the launch of BharatSwipe.

The company's POS business now contributes to 25 per cent of the annualized transaction value.

BharatPe's valuation reached $2.85 billion after its latest funding round on August 4, 2021.

The company has installed over 1 lacs BharatSwipe machines across 16 cities in the country that supports transactions of over Rs 1,400 crore every month.

BharatPe has already been successful in disbursing over $300 million in unsecured loans to 2 lacs+ merchant partners.

Here is a breakdown of BharatPe's funding rounds:

BharatPe has a strong presence in the merchant payments space, with over 24 lacs+ merchant members on its platform.

The company's lending vertical has exponentially increased over the last 1.5 years, with an outstanding loan book of over $100 million as per various reports.