Gujarat-based family offices acquire 2.6% Stake in BharatPe for Rs 179 Cr

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

Media reports said Gujarat-based Ambition Investment Trust purchased 1,700 shares, Cayroz 360One acquired 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 holding. Priced at ₹4.06 lakh per share, the deal was valued at about ₹179 Cr.

Finix Partners, founded by Bhavik Koladiya—former BharatPe cofounder and ex-director—offloaded the shares. The exact deal size remains unconfirmed, and neither BharatPe nor Wylth has commented on the transaction.

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

Now under CEO Nalin Negi, the company is strengthening governance and leadership, recently appointing Rajesh C as head of finance and Himanshu Nazkani as head of investments. 

The move aligns with BharatPe’s IPO ambitions by FY27. Earlier this year, Negi noted the company targets full-year EBITDA profitability in FY25, with IPO plans in the following 18–24 months.

To date, BharatPe has secured over $650 Mn in equity and debt funding from investors including Tiger Global, Dragoneer, Steadfast Capital, Coatue Management, Ribbit Capital, and others.

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Long associated with steep losses of over ₹1,800 Cr annually, BharatPe turned a corner in FY25, posting a ₹6 Cr profit before tax (excluding ESOP costs) against a ₹342 Cr loss in FY24. Revenue rose to ₹1,667 Cr, up from ₹1,426 Cr the year before.

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