Is BharatPe a loss?

In addition to its losses for the period, BharatPe saw a loss of Rs 1,342 crore due to a change in the fair value of Compulsorily Convertible Preference Shares (CCPS), as compared to Rs 705 crore in FY20. This takes the total losses for the year to Rs 2,961 crore.

How successful is BharatPe?

The company's revenues come from its merchant and consumer-lending products. Its BNPL product PostPe clocked in a TPV of $321 million within three months of its launch in October 2021.

How does BharatPe make profit?

BharatPe earns its revenue by providing macro to microloans to its business owner. A working professional or businessmen get loans very easily but small business owners face problems while applying for the loan as their CIBIL score is low.

What is the profit of BharatPe?

The company said that it recorded revenue growth of 4x in FY22 to $100 million and has set itself the goal of crossing $300 million in revenue by FY23 end. “BharatPe registered the strongest quarter in its history. We have registered 4x growth in our overall revenue over the same period last year.

What is BharatPe controversy?

BharatPe co-founder Ashneer Grover has been embroiled in a controversy since an audio clip that is allegedly of him abusing an employee of Kotak Mahindra Bank was leaked online in January.

Ashneer Grover's BharatPe SCAM Controversy Explained !

What's going on with BharatPe?

With founder Ashneer Grover and wife Madhuri Jain exiting BharatPe's management following allegations of financial irregularities, the company is in search for a permanent CFO and Kumar said the process was in an “advanced stage”.

Is BharatPe better than Google pay?

BharatPe topples Google Pay in merchant UPI payment acceptance space. In a significant achievement, merchant payments firm BharatPe has toppled Google Pay to become #3 in UPI P2M. The company has recorded Rs 3,334 crores (US$ 479 million) in transaction value for the month of November, displacing Google Pay from the No ...

Is BharatPe profitable Quora?

Yes . I am using this 12% club for an year till now my experience with this app is great I can undoubtedly say that this a good and realiable. Join the growing community of over 1 million investors earning 12% returns.

Is BharatPe a unicorn?

The new round values BharatPe at $2.85 billion, making it the 19th Indian startup to become a 'unicorn' this year, a term used to refer to privately valued startups that have a valuation of over $1 billion dollars. It also saw new participation from Dragoneer Investment Group and Steadfast Capital.

Which is better BharatPe or PhonePe?

PhonePe and BharatPe are both companies that provide digital payment services where as BharatPe provides their services only for the merchants and concentrates completely on that sector but PhonePe provides for both merchants as well as individual consumers as anyone who downloads the app can use PhonePe's service.

How BharatPe grows?

The BharatPe revenue model depends on providing its consumers with a digital payments platform and also has got a separate app for its merchant friends where the company credits them for their transactions digitally as mentioned above. It actually sails for providing credits to the merchants with cheaper interests.

Does anyone use BharatPe?

Who Can Use BharatPe? Business-owners, retailers, especially small and mid-scale retailers, and merchants can use BharatPe to accept payments and make transactions with customers using the BharatPe QR Code.

How does 12% Club make money?

With 12% Club, available on Google Play Store and Apple App Store, consumers will have an option to invest and earn up to 12 per cent annual interest or borrow at a competitive interest rate of 12 per cent. BharatPe has partnered with the RBI-approved NBFCs to offer these services to consumers.

Is it safe to invest in BharatPe?

BharatPe is a payment app that is based on QR code. Merchants can sign up with the app and start receiving funds immediately to their bank accounts. These UPI payments are free and use a single interface for all apps like google pay, PhonePe, Paytm, etc.

Is BharatPe is approved by RBI?

Reserve Bank of India (RBI) has granted licence to the Centrum Financial Services and BharatPe consortium to set up a small finance bank (SFB), four months after they had showed interest in taking over the crisis-ridden Punjab and Maharashtra Cooperative Bank (PMC).

Is BharatPe a copy of Paytm?

BharatPe, a merchant payments startup, has been distributing flyers and pamphlets showing Paytm with Chinese flags and PhonePe with US flags, implying it's the only 'Bharatiya' or 'Indian' company.

Is BharatPe a startup?

The issue has come to prominence due to the governance related matters of BharatPe, a phenomenal financial technology or fintech startup, that pushed the creation of unified QR codes for UPI based payment acceptance, and forced the QR code-based payment framework to make payment acceptance free for merchants.

Who is Suhail Sameer?

Suhail Sameer is a well-known personality around the world. He is the chief executive officer of BharatPe.

Is BharatPe good Quora?

Originally Answered: Is BharatPe a good payment app? If you're a merchant then definitely BHARATPE is something which you can consider using. Because BharatPe provides free upi payments directly into your bank account with its robust technology and partnership with some leading private banks in INDIA.

Is Bhim and BharatPe same?

Are Bharat QR & BHIM QR Same? BHIM QR is UPI Based QR. It is preferably used for P2P or P2M dynamic Transaction using Virtual Payment Address. Bharat QR is specifically used for P2M transaction wherein payment is done via cards i.e., Debit card/Credit Card/Pre-paid Card.

Is Ashneer Grover a billionaire?

One Of India's Richest Billionaires

With a personal net worth of over Rs 700 Crores, at the age of 40, Ashneer is one of India's youngest Billionaires.