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Change In Fair Value Of CCPS Bites BharatPe, FY22 Loss More Than Triples To INR 5,610.7 Cr

Inc42 LogoInc421w ago

Change In Fair Value Of CCPS Bites BharatPe, FY22 Loss More Than Triples To INR 5,610.7 Cr - Inc42

Quick Summary:

Fintech giant BharatPe’s total loss surged 3.4X to INR  5,610.7 Cr in the financial year 2021-22 (FY22) from INR 1,619.

The startup’s employee benefit expenses jumped 145% to INR 184.7 Cr from INR 75.4 Cr in FY21.

Transaction processing charges stood at INR 226.9 Cr during the year under review, while financial guarantee expenses were at INR 266.6 Cr.


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Change In Fair Value Of CCPS Bites BharatPe, FY22 Loss More Than Triples To INR 5,610.7 Cr - Inc42 (Picture 1)Change In Fair Value Of CCPS Bites BharatPe, FY22 Loss More Than Triples To INR 5,610.7 Cr - Inc42 (Picture 2)

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Article Details

Author / Journalist: Debarghya Sil

Category: StartupsBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-25 @ 20:51:33 (1 weeks ago)

News Timezone: GMT +5:00

Ranking: #308 (out of 9092 stories this day)

News Source URL: inc42.com

Language: English

Article Length: 580 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Inc42

News ID: 4790778

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About Inc42

Inc42 Logo

Main Topics: StartupsBusiness

Official Website: inc42.com

Update Frequency: 7 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #52

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The story "Change In Fair Value Of CCPS Bites BharatPe, FY22 Loss More Than Triples To INR 5,610.7 Cr" was covered 1 weeks ago by Inc42, a news publisher based in India.

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Inc42 is a fully independent (privately-owned) news outlet established in 1975 that covers mostly startups and business news.

The outlet is headquartered in India and publishes an average of 7 news stories per day.

It's most recent story was published 9 hours ago.

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