Spat over, BharatPe back on track for profitability and an IPO
7 hours, 16 minutes ago

Spat over, BharatPe back on track for profitability and an IPO

Live Mint  

Mumbai: Fintech lender BharatPe is aiming for its first full-year profitability thisfinancial year as it puts behind the yearslong acrimony with its high-profile former chief and prepares to enter the public markets. The company is also looking to launch a cobranded credit card business with Unity Small Finance Bank and will soon launch a credit line product on UPI. Trillionloans andLiquiloans Negi also said BharatPe was looking to acquire the remaining 39% in its non-banking finance company arm Trillionloans Fintech, which is co-promoted by NDX Financial Services Pvt. The Unity Small Finance Bank stake sale Mint reported on 3 January that BharatPe was looking to sell a 10-25% stake in Unity Small Finance Bank had appointed investment bank Rothschild & Co. to help it look for buyers. Negi confirmed the plans but said BharatPe had till 2030 to complete the stake sale process involving Unity Small Finance Bank and that it would not affect its IPO plans.

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History of this topic

BharatPe begins stake sale process in Unity SFB, appoints Rothschild
1 week, 5 days ago

BharatPe begins stake sale process in Unity SFB, appoints Rothschild

Live Mint  

Mumbai: New-age non-bank lender BharatPe is looking to sell anywhere between 10% and 25% stake in Unity Small Finance Bank, depending on buyer interest, two people with knowledge of the development said. The agreement was struck at the time a consortium of Centrum Financial Services Ltd and BharatPe acquired the small finance bank licence. The first person added that Unity …

Unity Small Finance Bank buys commercial properties worth ₹400 crore in Mumbai
6 months, 3 weeks ago

Unity Small Finance Bank buys commercial properties worth ₹400 crore in Mumbai

Hindustan Times  

Unity Small Finance Bank has purchased commercial properties in two separate locations in Mumbai in deals valued at around ₹400 crore, property registration documents showed. Unity Small Finance Bank acquires commercial properties worth more than ₹ 400 crore in Mumbai The two transactions were registered on June 18, 2024. Email queries have been sent to Unity Small Finance Bank, Intercon …

Delhivery Gets Sebi’s Go-Ahead To Raise Rs 7,460 Cr Via IPO
2 years, 11 months ago

Delhivery Gets Sebi’s Go-Ahead To Raise Rs 7,460 Cr Via IPO

ABP News  

New Delhi: Delhivery, the supply chain firm, has received Sebi’s approval to raise Rs 7,460 crore through an initial public offering. The IPO comprises fresh issuance of equity shares worth Rs 5,000 crore and an offer for sale component of Rs 2,460 crore by existing shareholders, according to the draft red herring prospectus, PTI reported. According to the draft papers, …

BharatPe to raise up to $200 mn equity funding
4 years ago

BharatPe to raise up to $200 mn equity funding

Live Mint  

BharatPe plans to raise $150-200 million in equity funding and around $500 million of debt, in the biggest fund-raise for the payments and alternative lending startup. The company aims to raise the first tranche of about $100 million equity by March, chief executive and co-founder Ashneer Grover said in an interview, adding the debt will be raised over two years. …

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