New Delhi, Sep 21 (INB) Fintech firm BharatPe has sold 4405 shares to a Gujarat based family office for Rs 4.06 lakh per share– a deal which values the firm at USD 2.88 billion or Rs 24,335 crore in the pre-IPO round, the company said on Monday.
The company was valued at USD 2.8 billion in the financial year (FY) 2021 when its revenue was at Rs 180 crore and it had incurred a loss of Rs 1,800 crore. Thereafter, the company went through legal turmoil with one of the co-founder Ashneer Grover.
After sacking Grover and his wife, the company has grown multifold and posted revenue of Rs 2200 crore in FY 2025 as well as turned profitable.
“BharatPe, has grown in just seven years from a disruptive startup into a trusted, systemically important financial institution under the leadership of Rajnish Kumar and Nalin Negi. For Wylth, facilitating this latest investment was both professional and personal, with Amit Shah and his family investing alongside their network as a statement of confidence in BharatPe’s future,” transaction facilitator wealth tech platform Wylth said.
The secondary share puts the company at the same valuation which it registered before the turmoil.
“Fintech unicorn BharatPe has seen its first secondary share sale in four years, with Gujarat-based family offices acquiring 4405 shares at Rs. 4,06,000 per share valuing BharatPe at Rs 24,335 Crore (USD 2.8B). The transaction was facilitated by Wealth-tech platform Wylth, founded by former Co-founder and CEO of IIFL Capital (now 360One). The shares were acquired from the holding of 28,473 shares from Finix Partners, the family office of the original founder of BharatPe, Bhavik Koladiya,” the statement said.
With over 13 million merchants and 450 million monthly UPI transactions, BharatPe is preparing to go public. While it won’t list before FY2026, Negi is courting investors for a USD 100 million pre-IPO round to strengthen the balance sheet and secure external confidence.
The Unicorn Fintech, best known for pioneering zero-MDR QR codes for merchants, reported an annual revenue run rate of Rs 2,200 crore in 2025, up from Rs 180 crore in FY21 since its last funding round led by global institutional investors like Tiger Global, Coatue, Steadfast, Dragoneer, Insight Partners, Ribbit Capital.
“Four years ago, the company was bleeding more than Rs 1,800 crore annually. Today, it is profitable for the first time in its history,” the statement said
BharatPe claims to be disbursing about Rs 700 crore in loans every month, providing lifelines to shopkeepers underserved by banks.
The company was valued at USD 2.8 billion in the financial year (FY) 2021 when its revenue was at Rs 180 crore and it had incurred a loss of Rs 1,800 crore. Thereafter, the company went through legal turmoil with one of the co-founder Ashneer Grover.
After sacking Grover and his wife, the company has grown multifold and posted revenue of Rs 2200 crore in FY 2025 as well as turned profitable.
“BharatPe, has grown in just seven years from a disruptive startup into a trusted, systemically important financial institution under the leadership of Rajnish Kumar and Nalin Negi. For Wylth, facilitating this latest investment was both professional and personal, with Amit Shah and his family investing alongside their network as a statement of confidence in BharatPe’s future,” transaction facilitator wealth tech platform Wylth said.
The secondary share puts the company at the same valuation which it registered before the turmoil.
“Fintech unicorn BharatPe has seen its first secondary share sale in four years, with Gujarat-based family offices acquiring 4405 shares at Rs. 4,06,000 per share valuing BharatPe at Rs 24,335 Crore (USD 2.8B). The transaction was facilitated by Wealth-tech platform Wylth, founded by former Co-founder and CEO of IIFL Capital (now 360One). The shares were acquired from the holding of 28,473 shares from Finix Partners, the family office of the original founder of BharatPe, Bhavik Koladiya,” the statement said.
With over 13 million merchants and 450 million monthly UPI transactions, BharatPe is preparing to go public. While it won’t list before FY2026, Negi is courting investors for a USD 100 million pre-IPO round to strengthen the balance sheet and secure external confidence.
The Unicorn Fintech, best known for pioneering zero-MDR QR codes for merchants, reported an annual revenue run rate of Rs 2,200 crore in 2025, up from Rs 180 crore in FY21 since its last funding round led by global institutional investors like Tiger Global, Coatue, Steadfast, Dragoneer, Insight Partners, Ribbit Capital.
“Four years ago, the company was bleeding more than Rs 1,800 crore annually. Today, it is profitable for the first time in its history,” the statement said
BharatPe claims to be disbursing about Rs 700 crore in loans every month, providing lifelines to shopkeepers underserved by banks.