BharatPe, the Indian fintech unicorn, has witnessed its first secondary share sale in 4 years as Gujarat-based family offices acquired a 2.6% stake for ₹179 crore. The share sale, conducted via wealth management platform Wylth, comes amid BharatPe's roadmap to profitability and an IPO in 18 to 24 months.
Through a transaction executed at ₹4.06 lakh per share, Ambition Investment Trust bought 1,700 shares, Cayroz 360One acquired 1,473 shares, and Twinroots LLP secured 1,232 shares. The seller was Finix Partners, founded by Bhavik Koladiya, who offloaded 4,405 shares from his 27,241-shareholding. The deal was facilitated through the Wylth platform, recording one of BharatPe’s significant secondary movements since its governance reset.
Now under CEO Nalin Negi, BharatPe aims to achieve full-year EBITDA profitability in FY25 and plans to go public by FY27. Recent leadership appointments, including Rajesh C as head of finance and Himanshu Nazkani as head of investments, point toward the company’s strategic overhaul. BharatPe’s financials have notably improved, reporting a profit before tax of ₹6 crore in FY25 compared to a ₹342 crore loss in FY24.
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BharatPe operates its own NBFC, Trillion Loans, and associates with 8 other NBFCs. It has actively steered clear of unsecured personal loans to align with regulatory trends. The company’s revenue rose to ₹1,667 crore in FY25, up from ₹1,426 crore in FY24, supported by its Unity Small Finance Bank stake and a growing merchant base where the average loan size is ₹1 lakh with an 11-month tenure.
The offloading of shares by Finix Partners signals a key liquidity moment for BharatPe after internal governance issues that had involved cofounders Ashneer Grover, Shashvat Nakrani, and others. The smooth delivery of this sale hints at BharatPe’s improved stability and attractiveness to long-term investors.
The acquisition of a 2.6% stake by Gujarat-based family offices for ₹179 crore underscores renewed investor confidence in BharatPe. As the company continues its restructuring and profitability efforts, this deal sets the stage for its anticipated IPO and financial turnaround.
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Published on: Sep 19, 2025, 2:39 PM IST
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