A fire broke out in BharatPe’s warehouse in the Malviya Nagar area of Delhi last night, on June 28, 2023. The cause of the fire was an electrical short-circuit. The fire caused damage to swipe machines, soundboxes, and other company material worth Rs 50 lakh.
The fire was reported to the authorities at around 11:30 pm. The fire department was able to bring the fire under control within an hour. Fortunately, no injuries were reported.
According to a company spokesperson, the affected warehouse primarily stored faulty or discarded devices. The preliminary estimates suggest a loss of less than Rs 50 lakhs.
The spokesperson mentioned that BharatPe is collaborating with the authorities to investigate the cause of the fire. They are also taking measures to prevent such incidents from happening again.
This fire incident adds to the challenges that BharatPe is currently facing. The company is dealing with a boardroom tussle between its founders and investors. Additionally, they have been accused of financial irregularities.
While the fire is undoubtedly a setback for BharatPe, it is too early to determine its impact on the company’s operations.
