Fintech unicorn BharatPe has completed its first secondary share sale in four years, with family offices from Gujarat buying a 2.6% stake through the wealthtech platform Wylth.
According to media reports, Ambition Investment Trust from Gujarat bought 1,700 shares, Cayroz 360One acquired 1,473 shares, and Twinroots LLP purchased 1,232 shares. These shares were sold by Finix Partners, which sold 4,405 of its 27,241 shares.
Each share was priced at ₹4.06 lakh, making the total deal worth around INR 179 crore.
Finix Partners, started by Bhavik Koladiya—a former cofounder and ex-director of BharatPe—sold the shares. The exact value of the deal is not confirmed, and neither BharatPe nor Wylth has made any comment about the sale.
This is BharatPe’s first liquidity event since a governance dispute involving cofounders Ashneer Grover, Bhavik Koladiya, Shashvat Nakrani, and Madhuri Jain Grover.
Now led by CEO Nalin Negi, the company is strengthening its leadership and governance. It recently appointed Rajesh C as head of finance and Himanshu Nazkani as head of investments.
These changes support BharatPe’s plans to go public by FY27. Earlier this year, Negi said the company aims to reach full-year EBITDA profitability in FY25 and launch an IPO within the next 18–24 months.
So far, BharatPe has raised over $650 million in equity and debt from investors like Tiger Global, Dragoneer, Steadfast Capital, Coatue Management, Ribbit Capital, and others.
BharatPe which used to face huge annual losses of over ₹1,800 crore, made a turnaround in FY25. The company reported a ₹6 crore profit before tax (excluding ESOP costs) compared to a ₹342 crore loss in FY24. Revenue also increased to ₹1,667 crore, up from ₹1,426 crore the previous year.
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