A senior official said BharatPe registered record growth in the financial year ended March 31 and is on track to break even and list on stock exchanges in the next 18-24 months. BharatPe has grown more than 2 times from the last financial year and currently, it covers over 8 million merchants.
Suhail Sameer, CEO Bharatpe“The board will take a decision on what to do with the money allegedly siphoned off by co-founder Ashneer Grover, his priority being the employees of the firm so that they stay focused and the teams remain stable,” the board told PTI.
“The second focus is on continuing to fire on the business front. From a long-term perspective, that’s what matters to me, my teams. I’m doubling down on these things,” he said. And that focus has paid off.
“In the last quarter (January-March) business is up 20 per cent on every metric – transactions, TPV, credit facilities, and revenue. And this is despite January (affected by Covid) and everything was a bit slow. Delhi shutdown There was a weekend curfew in many cities,” he said.
BharatPe, which allows shop owners to make digital payments through QR codes, is now in 225 cities (an increase of 2 times from last fiscal) and covers over 8 million merchants (5 million in FY21). above which ended on 31st March, 2021).
“Transaction Value (TPV) has grown 2.5 times year-on-year to USD 16 billion in 2021-22 (April 2021 to March 2022). The POS (point of sale) business is also 2 with 1.25 lakh POS from last year. Times more. Machines deployed. We do USD 4 billion transactions on it till March,” he said.
The number of traders taking loans has increased from 1.6 lakh a year ago to 3 lakh.
“How much loan facility – exactly 3x. We provided loan facility of USD 650 million last year (FY22),” he said.
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