BharatPe in Advanced Talks for $80–$100 Million Pre-IPO Funding

BharatPe, the Delhi-based fintech unicorn, is in advanced discussions to raise between $80 million and $100 million in a pre-IPO equity round, as per Entrackr. The upcoming funding is expected to be led by US-based investment firm Coatue Management.

This will be BharatPe's first equity infusion in nearly 4 years, signaling a renewed momentum as it prepares for a potential public listing.

Participation from Existing and New Investors Expected

The round will also see participation from both existing backers and new investors. The primary goal of the raise is to strengthen BharatPe’s balance sheet and pave the way for its eventual IPO.

“This funding is a strategic move to reinforce financial stability ahead of the listing,” said one source, who requested anonymity due to the private nature of the discussions.

The investment is being spearheaded by Amit Mukherjee, a newly appointed partner at Coatue Management. Mukherjee has been closely collaborating with BharatPe’s leadership and board to streamline IPO readiness and long-term planning.

IPO Timeline: Not in FY26, Says CEO

While confirming plans for a pre-IPO round, BharatPe CEO Nalin Negi recently stated that the company will not pursue a listing in the current fiscal year (FY26). Another source confirmed the company is focusing on achieving consistent profitability before filing its draft red herring prospectus (DRHP).

From Losses to Profit: BharatPe’s Financial Turnaround

After years of operating at a loss, BharatPe claims to have achieved profitability in FY25. The company posted a profit before tax of ₹6 crore (excluding ESOP costs) on revenues of ₹1,800 crore.

BharatPe also reported breaking even at the EBITDA level (excluding ESOPs) during the first nine months of FY25. During the same period, net losses shrank to ₹148.8 crore, highlighting a significant improvement in financial performance.

In April, BharatPe’s subsidiary Resilient Innovations received final approval from the Reserve Bank of India (RBI) to operate as a licensed online payment aggregator. This milestone adds to the company’s growing regulatory footprint, which includes:

• An NBFC license (through Trillion Loans)
• A stake in Unity Small Finance Bank (SFB)
• A payment aggregator license

These assets position BharatPe as one of the few Indian fintech firms with a comprehensive, multi-pronged regulatory foundation.

BharatPe last raised equity capital in August 2021, the same year it entered the unicorn club. To date, the company has secured over $650 million in equity and debt funding from notable investors including Tiger Global, Ribbit Capital, Dragoneer Investment Group, Steadfast Capital, and Coatue Management.

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