StartupsInc42about 2 hours ago
How Bike Bazaar Ran Into A Credit Crisis
7 min read
Bike Bazaar stopped all new disbursements in December 2025 after its loan book deteriorated sharply. The startup swung from a ₹3 crore profit in FY25 to a ₹45 crore loss in FY26. ICRA downgraded the company to BBB status, with over a third of its portfolio non-performing or sold as distressed debt.
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