BharatPe Turns Profitable, Clocks ₹1,734 Cr Revenue | More Top News Updates

From fintech breakthroughs to policy moves impacting millions, Friday brought a mix of numbers and narratives. As BharatPe breaks into profitability after years of red ink, the Centre steps in to calm rising vegetable prices, and the Cabinet approves a massive LPG subsidy to protect households from global energy shocks.

BharatPe Turns PBT Positive in FY25, Reports ₹6 Cr Profit After Years of Losses

In a significant financial milestone, fintech startup BharatPe on Friday announced it has become adjusted PBT (Profit Before Tax) positive for the first time, reporting a profit of ₹6 crore in FY25 (excluding ESOP costs). This marks a sharp turnaround from the ₹342 crore adjusted loss it posted in FY24.

The company reported a total revenue of ₹1,734 crore in FY25, with its EBITDA (excluding ESOP expenses)improving to ₹141 crore, compared to a loss of ₹209 crore in the previous year. BharatPe’s offline UPI transactions also saw a 26% annual growth, reflecting strong operating traction.

From FY22 to FY25, BharatPe's revenue from operations grew at a CAGR of 54%, increasing from ₹457 crore to ₹1,667 crore. During the same period, the company’s adjusted PBT moved from a loss of ₹765 crore in FY22 to a profit of ₹6 crore in FY25.

“Becoming PBT positive marks more than just a financial milestone — it signals a successful turnaround,” said Nalin Negi, CEO of BharatPe. “We’re no longer just scaling, we’re growing responsibly, with strong financial governance and a sharp focus on sustainable value creation.”

In FY25, BharatPe received final RBI authorisation to operate as an Online Payment Aggregator, enabling deeper reach across tier-2 and tier-3 markets. It also expanded verticals like UPI TPAP (BharatPe App) and Invest BharatPe.

The company increased its stake in its lending arm Trillionloans to 74%. Trillionloans, rated ‘IND BBB+’ (Stable Outlook) by India Ratings & Research, has scaled operations using AI-powered credit assessment and API-based loan disbursement systems.

Additionally, BharatPe continues to play a pivotal role as the Technology Service Provider (TSP) for Unity Small Finance Bank, managing core UPI infrastructure and ensuring NPCI compliance.

Centre Steps In to Stabilise Tomato Prices Amid Delhi Spike

The Centre has initiated market interventions to stabilise prices of essential vegetables, especially tomatoes, after rains in northern India disrupted supply chains and led to price surges in Delhi.

According to the Department of Consumer Affairs, Delhi’s average retail tomato price rose to ₹73/kg in early August, after peaking at ₹85/kg in late July. In response, the National Cooperative Consumers’ Federation (NCCF)began procuring tomatoes from Azadpur Mandi and retailing them at ₹47–₹60/kg through mobile vans and outlets since August 4.

In contrast, prices in Mumbai and Chennai remain stable at ₹58/kg and ₹50/kg, respectively. The all-India average retail price of tomato stands at ₹52/kg — lower than ₹54/kg last year and well below the ₹136/kg peak in 2023.

Meanwhile, onion and potato prices remain steady, aided by higher 2024–25 production and the government’s 3-lakh-tonne onion buffer, which will be released from September.

Officials stated that a combination of strategic reserves, higher output, and targeted retail operations is expected to keep vegetable inflation in check over the coming months.

Cabinet Approves ₹12,060 Cr LPG Subsidy for Ujjwala Yojana in FY26

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursday approved the continuation of a ₹300 per cylinder targeted LPG subsidy for up to nine refills per year under the Pradhan Mantri Ujjwala Yojana (PMUY) for FY 2025–26. The move will entail a total expenditure of ₹12,060 crore.

As of July 1, 2025, there are 10.33 crore active PMUY connections. The subsidy, initially introduced in May 2022 at ₹200 and raised to ₹300 in October 2023, aims to protect low-income households from fluctuations in global LPG prices — India imports nearly 60% of its LPG needs.

The Cabinet also cleared ₹30,000 crore in compensation to public sector oil marketing companies — IOCL, BPCL, and HPCL — for under-recoveries on domestic LPG sales in FY25. The amount will be disbursed in 12 tranches.

“To make LPG affordable, ₹30,000 crore has been approved for subsidy in today’s Cabinet meeting. In the current geopolitical situation, this subsidy will insulate middle-class families,” said Union Minister Ashwini Vaishnaw.

The decision is expected to support clean fuel adoption, maintain PSU financial health, and ensure supply continuityamid volatile international energy prices.

India Accelerates AI Push with Focus on Startups and Vernacular Innovation

India is scaling up its AI strategy through the IndiaAI Mission, emphasizing inclusive access, vernacular tech, and startup innovation. Union IT Minister Ashwini Vaishnaw said the tech sector is set to cross $280 billion in revenue this year, with over 6 million employees.
With nearly 89% of 2024’s new startups being AI-powered, India has emerged as the 2nd-largest contributor to AI projects on GitHub. Platforms like AIKosh and Bharat Data Exchange now offer 1,200+ India-specific datasets and AI models, aiding health, agriculture, and education sectors.
Initiatives like Digital India Bhashini, BharatGen, and the IndiaAI Open Stack are building language, scientific, and engineering models for real-world deployment.

IndiaAI and National Cancer Grid Launch ₹50 Lakh CATCH Grants

IndiaAI and the National Cancer Grid have launched the Cancer AI & Technology Challenge (CATCH), offering grants of up to ₹50 lakh for startups, researchers, and hospitals working on AI-led cancer diagnosis, treatment, and operational tech.
Selected projects may also receive scale-up funding of up to ₹1 crore for national implementation across the NCG network. Applications close on September 2, 2025.

That’s a wrap on today’s top updates from the world of startups, policy, and public interest. Stay tuned with TICE as we continue to track how innovation, regulation, and economic resilience are shaping India’s growth story — one decision at a time.