BharatPe is eyeing a pre-IPO funding round, while an IPO is not planned for now, says CEO

BharatPe, one of India’s leading fintech companies, is gearing up for a pre-IPO funding round but will not rush into going public. CEO Nalin Negi confirmed that the company plans to list on the stock market only when market conditions improve, profitability is steady, and investor sentiment is strong. For now, an IPO is not expected in the current financial year, but the groundwork is being prepared so the company can move quickly when the time is right.

Market Volatility

The timing of this decision is crucial. Global and Indian markets have been experiencing fluctuations due to economic uncertainty, interest rate changes, and investor caution. Negi explained that BharatPe wants to ensure long-term value creation for both shareholders and the business before taking the IPO step. This careful approach reflects the company’s focus on sustainable growth rather than short-term gains.

Achieving Profitability

The fintech unicorn recently achieved a major milestone—operational profitability (excluding ESOP costs) for the first time in its history. In FY25, BharatPe posted an adjusted profit before tax of ₹6 crore, marking a sharp turnaround from the massive ₹342 crore loss it recorded in FY24. This improvement highlights the success of the company’s cost optimization, revenue growth, and strategic business decisions over the past year.

Backing from Leading Global Investors

BharatPe’s investor base includes some of the biggest names in global venture capital: Peak XV Partners (formerly Sequoia India), Tiger Global, BEENEXT, Steadfast Capital, and Ribbit Capital. This strong backing has helped the company strengthen its market position, expand its product offerings, and explore new growth areas in the fintech space.

A Unique Full-Stack Fintech Portfolio

What makes BharatPe unique among fintech players in India is its diversified portfolio. It is the only company in the sector to have an NBFC arm, Trillionloans, which offers lending solutions. Additionally, BharatPe owns a stake in Unity Small Finance Bank and holds an online Payment Aggregator license, allowing it to provide a wide range of financial services to merchants and customers. This combination of assets gives BharatPe an edge over competitors and positions it as a full-stack financial services provider.

Expert Views on IPO Timing

Industry experts believe that BharatPe’s decision to delay the IPO could be a smart move. Listing during a volatile market can impact valuations and investor confidence. By waiting until its profitability is stable and market sentiment improves, BharatPe is increasing its chances of a successful and well-received IPO.

Focus on Core Business and Growth

For now, the company’s focus will remain on strengthening its core business, scaling lending operations through Trillionloans, expanding merchant services, and improving digital payment solutions. With its strong financial recovery, diversified operations, and strategic vision, BharatPe could be one of the most closely watched IPO candidates in the coming years.