July 08, 2025 04:45 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Fatal Air India plane crash preliminary report submitted to government | MNS workers out to oppose protests against slapgate incident detained | Social media influencer files complaint against MNS leader's son for ramming car into her vehicle in drunken state | Bihar businessman Gopal Khemka murder accused killed in police encounter in Patna | PM Modi meets Uruguay President on sidelines of 17th BRICS Summit in Rio de Janeiro | PM Modi meets Bolivian President on the sidelines of BRICS in Rio de Janeiro | Supreme Court refuses interim stay on Election Commission's voter list revision drive in Bihar, hearing on Thursday | Khalistani terrorist Harpreet Singh alias Happy Passia, responsible for terror attacks in Punjab, brought to India from US: Report | Calcutta HC dismisses medical council's order suspending TMC leader Dr. Santanu Sen | I do not have any cabinet: Kangana Ranaut on Mandi disaster relief; Congress slams BJP MP for 'insensitivity'
MobiKwik IPO

Payments start up MobiKwik IPO likely by September

| @indiablooms | Mar 23, 2021, at 03:44 am

Mumbai/IBNS: One MobiKwik System Pvt Ltd is planning an Initial Public Offering by September that could garner between $200 million and $250 million, said a Bloomberg report.

The Indian digital wallet and payments startup is likely to file draft IPO by May that could peg the company's value at $1 billion dollar, the report said, citing sources.

It is also planning to hold a pre-IPO funding round that could give the company a valuation of $700 million, said the report.

However,  the size and timing of the fund raising may change.

MobiKwik has a network of 3 million merchants and has more than 107 million users. It registers more than a million transactions per day across its services such as digital wallets, mobile phone top ups and utility bill payments, according to its website.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
Close menu