BharatPe turns EBDITA positive for first time

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The fintech startup has also significantly cut down its cash burn, which averaged at Rs 60 crore a month in 2022-23, to attain a positive EBIDTA.

“This milestone reflects the trust bestowed upon us by our vast network of over 1.3 crore merchant partners. October was a great month for us — we achieved significant growth with loans facilitated on our platform,” Nalin Negi, CFO and interim CEO, BharatPe said.

–IANS

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