Startup Atlas · Digital Payments
BharatPe Unicorn
Ashneer Grover · Co-founder & former Managing Director (resigned Feb 28, 2022)
Shashvat Nakrani · Co-founder; served as COO, stepped down from operational role April 2026, transitioned to strategic advisor / board director
Bhavik Koladiya · Co-founder; former technology/product lead, departed 2022
$731.46 MnTotal funding (tracked)
8Funding rounds
7 Mar 2026Last round
BharatPe: Financial Breakdown
Figures below are FY25, consolidated basis, compiled from filings and disclosures — every year cited to its source.
Consolidated revenue from operations Rs 1,667 crore (total income approx. Rs 1,733.6-1,734 crore incl. other income)Total revenue · +20.7% YoY
Total expenses approx. Rs 1,876 crore per Entrackr (Inc42 separately reported Rs 1,906 crore for the same year)Total expenses
EBITDA turned positive at Rs 47 crore; adjusted EBITDA (ex-ESOP) reported in the Rs 141-195.5 crore range across outletsEBITDA
Net loss after tax of Rs 88.2 crore, down 82% YoY, aided by Rs 72.6 crore exceptional gain from Ashneer Grover legal settlementNet loss · loss narrowed 81.5% YoY
Revenue by fiscal year
Net profit / loss by fiscal year
Bars below the line are a net loss for that year.
| Fiscal year | Revenue | Total expenses | EBITDA | Net profit / loss | Source |
|---|---|---|---|---|---|
| FY25 | Consolidated revenue from operations Rs 1,667 crore (total income approx. Rs 1,733.6-1,734 crore incl. other income) | Total expenses approx. Rs 1,876 crore per Entrackr (Inc42 separately reported Rs 1,906 crore for the same year) | EBITDA turned positive at Rs 47 crore; adjusted EBITDA (ex-ESOP) reported in the Rs 141-195.5 crore range across outlets | Net loss after tax of Rs 88.2 crore, down 82% YoY, aided by Rs 72.6 crore exceptional gain from Ashneer Grover legal settlement | source |
| FY24 | Consolidated revenue from operations Rs 1,426 crore (total income approx. Rs 1,486 crore) | Total expenses approx. Rs 1,974.4 crore | EBITDA loss (excl. share-based payment/ESOP expense) of Rs 209 crore, down 75% YoY from Rs 826 crore in FY23 | Net loss after tax of Rs 492 crore, down 47% YoY; pre-tax loss separately reported at Rs 474 crore (down 50% YoY) | source |
| FY23 | Revenue from operations Rs 1,028.9 crore (approx. Rs 1,029 crore) | Total expenditure Rs 2,108.5 crore | EBITDA loss of Rs 772 crore (consolidated, before share-based payment expense) per Entrackr | Net loss after tax of Rs 926.9 crore per Inc42; Entrackr separately reported after-tax loss of Rs 941 crore for the same fiscal year | source |
| FY22 | Revenue from operations Rs 456.8 crore (total revenue incl. non-operating income approx. Rs 680 crore) | Total expenses Rs 1,483 crore | EBITDA margin of -104.48% reported; absolute EBITDA figure not separately disclosed in this report | Net loss of Rs 828.8 crore excl. Rs 4,782 crore non-cash CCPS fair-value charge; Inc42 reported total statutory loss incl. charge at Rs 5,610.7 crore | source |
| FY21 | Revenue from operations Rs 119.1 crore (total revenue incl. financial/other income approx. Rs 185.1 crore) | Total expenses Rs 462.03 crore (excludes non-cash Rs 1,341.98 crore charge for CCPS fair value change) | EBITDA margin of -141.01% reported; absolute EBITDA figure not separately disclosed | Net loss of Rs 277.2 crore excl. non-cash CCPS charge (statutory loss incl. charge was Rs 1,619.22 crore) | source |
| FY20 | Operating revenue of Rs 5.96 crore | Total annual expenditure of Rs 229.12 crore | EBITDA margin of -1684.4% reported; absolute EBITDA figure not separately disclosed in this report | Net loss of Rs 216.32 crore | source |
Nothing here is blurred or gated — every figure Atlas has is shown in full, free.
Sources & corrections.
Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: tracxn.com · Last verified 7 Sep 2026. · Report a correction