Is BharatPe profitable?

BharatPe Financial Breakdown

The fintech company grew four-fold in terms of its financial income, which also helped the Suhail Sameer-led company better its losses, which grew from Rs 206.81 crore to Rs 277.24 crore.

Is BharatPe a profitable company?

The fintech unicorn also collected financial income of around 66 crore during the fiscal ended in March 2021. Gazing through the income statement, it appears that BharatPe's annual expenses have surged to Rs 1,804 crore, adding up to a loss of Rs 1619.22 crore during FY21.

Is BharatPe a loss making company?

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.

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.

How Ashneer Grover's GENIUS STRATEGY turned Bharatpe into a $2.8 Billion company?

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 it good to invest in BharatPe?

BharatPe is India's one of the biggest Fintech company. You can make up to 12% interest on your money if you invest it at 12%. You can invest and earn up to 12% when you save with the 12% club app. Not only that, but you can take a loan from a 12% club at any moment with the same 12% interest rate.

How does BharatPe make profit?

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.

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.

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.

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.

How is BharatPe different from 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.

What is turnover of BharatPe?

Revenue. ₹700 crore (US$92 million) (2021) Website. www.bharatpe.com.

How much is Bharat pay worth?

BharatPe, the leading financial services company for merchants, said on Wednesday that it has raised $370 million in a Series E equity round, at a post-money valuation of $2.85 billion. The primary component of the round is $350 million and the secondary component is of $20 million.

Will Paytm ever be profitable?

It is worth noting that Paytm has made several such estimates over the last few years. In an undated letter to shareholders, Paytm's founder and CEO Vijay Shekhar Sharma said that he expects the fintech unicorn to become operationally profitable in the next six quarters, by September 2023.

Is BharatPe a NBFC?

New Delhi: The Reserve Bank of India (RBI) has issued an in-principle approval to Centrum Financial Services Limited (Centrum), NBFC arm of the Centrum Group, to establish a Small Finance Bank (SFB). Resilient Innovations Private Limited (BharatPe) will be an equal partner.

Can we trust 12% Club?

Yes its safe and trustworthy!

Is 12 Club approved by RBI?

“12% Club" has been launched in partnerships with RBI-registered P2P NBFCs (non-banking financial companies). The P2P offering will allow individual customers to invest and earn up to 12% interest through the 12% Club app.

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.

Why BharatPe is famous?

BharatPe is designed as a fintech company to empower small merchants and kirana shop owners. The company brings QR codes for UPI payments, Bharat Swipe, and an array of fintech products, including small business financing and more.

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.

Does BharatPe give 12 interest?

Interest Account is a facility provided by BharatPe in association with RBI Regulated NBFC. You can now earn 12% interest on your BharatPe settlement money by investing it in Interest Account.

How BharatPe makes money Quora?

How does BharatPe make money? Originally Answered: How does Bharat PE earn money? 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.