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In October, BharatPe achieved operating profitability for the first time. For the first time in October, fintech upstart BharatPe achieved Ebitda-level profitability. All of its business lines have consistently grown, which is responsible for this financial milestone. In order to achieve Ebitda positivity, the business has also drastically reduced its Ebitda burn, which was averaging Rs 60 crore per month in FY23, the company said on Tuesday. . . Follow @Zoof Software Solutions for more information  Feel free to ask any query at [email protected]  For more detail visit: https://zoof.co.in/ Grow your business with us! . . . #Bharatpe #profit #fintechupstartbharatpe #ebitdalevelprofitability #businessgrowth #financialmilestone #bharatpenews #startupindia #fintechnews #trendingnews #lattestnews #breakingnews #Bharatnews #TodayNews #updatednews #dailynews #ZoofUnitedStates #SoftwareCompany #StartUpTechnology #mobilefriendlywebsite #Resourceoutsourcing #TechnologyConsulting #WebsiteDevelopment #SoftwareConsultant #ZoofSoftwareSolutions #zoof #zoofinc #MobileAppDevelopment #AwardWinningCompany

Business Chess: Recent M&As Unveiled! 🌐 ⬇ Insights on the top industry-shaping deals in India. ⬇ Mergers & Acquisitions: when companies join forces, they don’t just impact their own business but also create a ripple effect that influences the entire world economy. It's like a big, positive change that sets the stage for new and exciting things to happen in the future. 1.     Adani Enterprises’ subsidiary AMG Media Networks acquired a majority stake in IAN 2.     Reliance Retail Ventures acquired a majority stake in Ed-a-Mamma. 3.     CarTrade Tech acquired of Sobek Auto India 4.     Saregama acquired a majority stake in Pocket Aces Pictures 5.     Kotak Mahindras’ acquisition of Sonata Finance. 6.     HDFC Bank sold a stake in Softcell Technologies. 7.     PVR & Inox Leisure Merge, rebranded as PVR Inox Pictures 8.     National Investment and Infrastructure Fund’s stake acquisition in Hindustan Ports. 9.     Liberty Global acquired stakes in Vodafone. 10.  Adani Group acquired Ambuja Cements and ACC.   As we unravel the recent M&As, these are just the opening moves in business transformations. I'm excited to delve deeper with you! Planning a virtual meet for passionate minds—whether you're a law student or just curious about the world of M&As. Let's dissect these strategic plays, discuss their pros and cons, and pave the way for insightful conversations. Interested? Drop a comment below, and let's make this knowledge exchange happen! 🤝 Follow up and save if you found this useful. As Always, would want to hear what you think about this!✉ #law #corporatelaw #business #finance #entrepreneurship #education

BharatPe plans new funding round, reviving growth under new CEO Nalin Negi 1️⃣ After a year-long search for a new chief executive to replace Suhail Sameer, fintech BharatPe ultimately chose an internal candidate familiar with the responsibilities. Nalin Negi, who was appointed as the interim CEO in January 2023, was confirmed for the full-time role last week. 2️⃣ Negi, who joined BharatPe as the CFO in 2022, has a packed to-do list. He needs to scale up acquired NBFC Trillion Loans, create new growth verticals like an investment arm for merchants and attract investors again, all the while ensuring the unicorn overcomes its turbulent past. 3️⃣ BharatPe faced a series of controversies, including a clash between co-founder Ashneer Grover and the board. Grover was removed from the company in 2022, and there were a slew of management changes that resulted in a period of instability. 4️⃣ BharatPe recorded revenues of Rs 1,370 crore and a loss of Rs 270 crore in FY24, according to people familiar with its performance. This is a notable improvement from FY23 when it had revenues of Rs 1,167 crore and a loss of Rs 927 crore. The FY24 figures suggest BharatPe has managed to control costs and focus more on core verticals. However, it needs to do more. Detailed interview and article link in comments 👇

BharatPe may appoint CEO in next 2 months: Rajnish Kumar ‘But as far as the company is concerned, we are working fine even with an interim chief executive officer. There is no issue.’ You may apply for startup funding here👉https://lnkd.in/gYfWUUwN #finventoeconomics #fintech #bharatpe #lendingsolutions #bankingindustry #startupfunding

Meet the Visionary Who Turned His Company Into a Billion-Dollar Empire... And Gave It All Away! 👉What motivates such extraordinary generosity? Thyagarajan’s incredible journey started humbly in a small village in Tamil Nadu, where he learned the values of hard work and humility from his father, a farmer. After two decades in finance, he took a bold step at 37, co-founding the Shriram Group, a business empire now worth ₹87,000 crore, serving over 23 million customers! 🌟 But what truly sets Thyagarajan apart is his groundbreaking approach to inclusive finance—focusing on lending to low-income borrowers often overlooked by traditional banks. This forward-thinking approach transformed Shriram Group into a financial powerhouse. 📰 And now, he’s making headlines once again—for donating his entire wealth of ₹6,210 crore to his 70,000 employees! 👉What’s truly remarkable? Thyagarajan has transferred his shares to the Shriram Ownership Trust, making employees the largest shareholders with 26% of Shriram Capital’s shares. His philosophy? 💡 He believes those who contribute to a company’s success should directly share in its prosperity. Thyagarajan’s act of selflessness will not only secure his legacy but also empower his employees to drive the company’s future success. 💡Legacy Isn’t Built Alone! Thyagarajan's inspiring story teaches us the importance of giving back and sharing success. 👉What key lessons do you take away from this? 👉Let’s start a conversation—drop your thoughts in the comments!👇 #Leadership #Entrepreneurship #LegacyBuilding #EmployeeOwnership #WealthForGood #Inspiration #BusinessGrowth #FinancialInclusion #Empowerment

BharatPe's leadership undergoes a strategic evolution, with Sandeep Indurkar appointed as CEO of the payments vertical, Kohinooor Biswas taking charge of the loyalty division Zillion Technologies, Inc., and Rijish Raghavan leading the device business. These changes signal a focused approach to enhance operations across key sectors within the fintech firm. With Nalin Negi as interim CEO overseeing the trio, BharatPe aims to solidify its position following recent high-profile exits and notable hires like Pankaj Goel as CTO. Financially, the company is on an upward trajectory, recording its first profitable month in October 2023 and demonstrating over 30% growth in annualized revenue. Read the Entire Article on: - https://lnkd.in/dzxqxMJY #technology #innovation #startups #fundraising #strategy #creativity

In a striking contrast to the hefty pay packages of other unicorn founders, Rajan Bajaj, the founder and CEO of fintech unicorn Slice, took home an annual salary of just Rs 12 in FY23. This is in stark contrast to FirstCry CEO Supam Maheshwari, who received a staggering Rs 200.7 crore remuneration in the same period, as revealed by PrivateCircle Research in a recent report. Despite Bajaj's minimal salary, Slice reported an impressive Rs 847-crore revenue from its operations in the payments and lending business during FY23, marking a three-fold increase over the previous fiscal year. However, the firm's losses also significantly rose, growing nearly fourfold during the same period. Employee benefits and non-performing assets (NPAs) spiked, leading to a 59.8% increase in losses, which amounted to Rs 406 crore in FY23 compared to Rs 254 crore in FY22. Read the full story here: 👇 https://lnkd.in/gCvTkGvf #fintech #unicorn #ceo #founder #salary #money #startup #indianstartupnews

Our Founder and CEO, Srinivasan V Swamy, lead an insightful session in Mangalore, engaging with Chartered Accountants and Chief Financial Officers . The session addressed the pivotal role of the CFO as a strategist, analyst, and finance architect for the organization. For insights on this and other relevant topics, visit our website: https://cfobridge.com/ #cfo #cfoservices #cfoindia #cfobridge #virtualcfo #interimcfo #CFOInsights #FinancialLeadership #SME #MSME #startups #finance #strategicplanning #icai

Reliance Industries Limited Roars, Q3 Profits Soar by 10.9%, Chairman Mukesh Ambani Credits Diverse Team Efforts Read more on the link below 👇 Follow Xartup for daily startup news #startup #business #startupindia #reliance #mukeshambani #company #news

𝑨𝒔𝒉𝒏𝒆𝒆𝒓 𝑮𝒓𝒐𝒗𝒆𝒓: 𝑭𝒓𝒐𝒎 𝑪𝒉𝒂𝒏𝒅𝒊𝒈𝒂𝒓𝒉 𝒕𝒐 𝑺𝒉𝒂𝒓𝒌 𝑻𝒂𝒏𝒌 𝑺𝒆𝒏𝒔𝒂𝒕𝒊𝒐𝒏 Born in the bustling city of Chandigarh in 1982, Ashneer Grover’s journey to becoming a shark in the business world was anything but conventional. Growing up in a modest household, Grover was fueled by a burning desire to carve his own path in the world of business. Armed with dreams as grand as the Himalayas and an unshakable resolve, he set out to conquer the corporate realm.  But Grover's path was filled with challenges from the beginning. Despite his stellar academic performance, the corporate world proved to be a battleground where his mettle was tested at every turn. Rejection and setbacks constantly plagued him, threatening to crush his dreams before they could become reality. As he navigated the murky waters of the finance industry, Grover faced moments of doubt and uncertainty, questioning whether he had what it took to make it in the cutthroat world of business. In the midst of adversity, Grover found solace in his unwavering belief in himself and his vision. "Success is not final, failure is not fatal: It is the courage to continue that counts," he often remarked, drawing inspiration from Winston Churchill's words. With courage and resilience, he seized every opportunity that came his way and used his expertise to make a name for himself in the corporate world. From his days at Kotak Mahindra Bank to his tenure at Yes Bank and Paytm, Grover honed his skills, learned the tricks of the trade and laid the foundation for his future business. However, Grover's journey was far from smooth. As he began his entrepreneurial journey, he encountered formidable adversaries and difficult challenges that threatened to derail his ambitions. From dealing with the challenges of starting and scaling startups to encountering doubt from experienced industry professionals, Grover found himself in a tough fight for survival. But it was in moments of adversity like these that Grover truly came into his own, displaying an indomitable spirit and a tenacity that knew no bounds."In the midst of chaos, there is also opportunity," he often mused, channeling the wisdom of Sun Tzu to overcome the obstacles in his path.  As the dust settled and the echoes of his struggles faded away, Ashneer Grover emerged victorious, leaving his mark as a true visionary in entrepreneurial history. By starting Grofers in 2015 and later leading BharatPe, Ashneer Grover transformed dreams into reality with every step.  In the end, Grover's story is not just one of determination, but of perseverance and the belief in oneself. Through his journey, he has inspired countless others to dare to dream and defy the odds, proving that with courage, conviction, and a sprinkle of audacity, anything is possible. As Grover often reminds us, "𝑻𝒉𝒆 𝒐𝒏𝒍𝒚 𝒍𝒊𝒎𝒊𝒕 𝒕𝒐 𝒐𝒖𝒓 𝒓𝒆𝒂𝒍𝒊𝒛𝒂𝒕𝒊𝒐𝒏 𝒐𝒇 𝒕𝒐𝒎𝒐𝒓𝒓𝒐𝒘 𝒘𝒊𝒍𝒍 𝒃𝒆 𝒐𝒖𝒓 𝒅𝒐𝒖𝒃𝒕𝒔 𝒐𝒇 𝒕𝒐𝒅𝒂𝒚."