Guj Family Offices Acquire 2.6% Stake In BharatPe For INR 179 Cr

SUMMARY

Gujarat based Ambition Investment Trust bought 1,700 shares, while Cayroz 360One and Twinroots LLP bought 1,473 and 1,232 shares, respectively

The deal was executed at INR 4.06 Lakh per share, valuing the transaction at an estimated INR 179 Cr

This comes as BharatPe is eyeing full-year EBITDA profitability and float an IPO in the next 18 months

Fintech unicorn BharatPe has seen its first secondary share sale in four years, with Gujarat-based family offices acquiring a 2.6% stake through wealthtech platform Wylth.

Sources told Inc42 that Gujarat based Ambition Investment Trust bought 1,700 shares, Cayroz 360One bought 1,473 shares and Twinroots LLP bought 1,232 shares.

The shares were sold by Finix Partners, which offloaded 4,405 shares from its 27,241-shareholding. The deal was executed at INR 4.06 Lakh per share, valuing the transaction at an estimated INR 179 Cr.

Finix Partners was founded by Bhavik Koladiya, one-time director of BharatPe and a former cofounder of the company.

The exact size of the transaction has not been confirmed and BharatPe and Wylth have not commented on the deal.

This marks BharatPe’s first liquidity event since its governance tussle involving cofounders Ashneer Grover, Koladiya, Shashvat Nakrani and Madhuri Jain Grover.

Now led by CEO Nalin Negi, BharatPe has been actively rebuilding governance and expanding its leadership team. In recent months, it appointed Rajesh C as head of finance and Himanshu Nazkani as head of investments.

The latest development comes at a time when BharatPe has set its sights on an IPO by FY27. In January this year, Negi had said that the company was eyeing full-year EBITDA profitability in FY25, with plans to float an IPO in the next 18-24 months.

So far, BharatPe has raised over $650 Mn in equity and debt from Tiger Global, Dragoneer, Steadfast Capital, Coatue Management, Ribbit Capital and others.

Other sources told Inc42 that the company is preparing for a fundraise and an IPO in the next few months. Details of the new round and public listing were not provided.

Meanwhile, after four years of losses exceeding INR 1,800 Cr annually, the fintech major reported a profit before tax of INR 6 Cr (excluding ESOP expenses) in FY25 compared to a net loss of INR 342 Cr in FY24. Revenue grew to INR 1,667 Cr in FY25, up from INR 1,426 Cr in FY24.

Notably, BharatPe operates its own NBFC, Trillion Loans, and has partnerships with eight other NBFCs, which helped it control disbursal costs and avoid the unsecured personal loan segment targeted by RBI crackdowns.

The company is also leveraging its stake in Unity Small Finance Bank and has seen steady growth in its merchant base, with the average loan ticket size at INR 1 Lakh and average tenure of 11 months.