BharatPe targets IPO in 18-24 months, Ebitda profitability in FY25

Fintech firm BharatPe is targeting an initial public offering (IPO) in the next 18-24 months with the company expecting profitability at an earnings before interest, taxes, depreciation and ammotisation (Ebitda) level for FY25, chief executive officer (CEO) Nalin Negi said.

As the firm looks to expand presence in consumer-facing businesses, it plans to roll out products such as a co-branded credit card in partnership with Unity Small Finance Bank (Unity SFB), and offerings like mutual funds and insurance, including a credit line on Unified Payments Interface (UPI).