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

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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Article Details

Author / Journalist: Debarghya Sil

Category: StartupsBusiness

Markets: India

Topics: B2B-B2C News

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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