Page 3 - Mobikwik

Digital platforms strike gold on Akshaya Tritiya amid lockdown

Many Indians had relied on apps such as Paytm Gold, Mobikwik or Google Pay to buy gold on the auspicious day, as jewellery shops remained shut due to MHA guidelines

Fintech firm Mobikwik becomes operationally profitable, eyes IPO

Gurugram-based firm which started its operations in 2009, is looking at further scaling its lending portfolio and achieve profitability on a full year basis in FY21

How MobiKwik aims to break even at Rs 480 cr with Rs 20-insurance policies

MobiKwik plans to raise $50 million from an investor before its IPO.The company expects revenue to reach Rs 480 crore in the 12 months ending next March

MobiKwik partners DT One for recharge facility in more than 150 countries

The firm claimed such international foray was the first of its kind for any Indian digital payments player

Mobikwik looking for investor to go public, eyes profit next fiscal

Mobikwik already counts Sequoia Capital, Bajaj Finance and South African firm Net 1 UEPS Technologies among its major shareholders

MobiKwik enters digital lending, to offer instant loan of up to Rs 60,000

The mobile wallet loan would be sanctioned within 90 seconds, claims the Delhi-based company

Though still far behind, MobiKwik says will close gap with Paytm in users

Digital wallet owner MobiKwik claims it is confident of closing the gap with segment leader Paytm in user base fairly soon. However, with Paytm's 280 million users, MobiKwik has to more than double its own, from the current 100 mn."In the past three months, we have struck a few strategic partnerships -- with BSNL, IndusInd Bank, IDFC Bank and Bajaj Finance -- and are using their customer base to grow. The gap (with Paytm) is definitely narrowing. I believe we are neck to neck in merchant acceptance across cities," said Upasana Taku, co-founder and director at MobiKwik. Last November's demonetisation helped MobiKwik double its user base to 65 mn users this year. Another 35 mn came through the partnerships mentioned earlier. Taku said BSNL (the government's telecom arm) alone has close to 100 mn subscribers. "They didn't have a wallet of their own. They have launched a MobiKwik-BSNL co-branded wallet to their customers, that can be used for payment to BSNL and at MobiKwik's two million .

MobiKwik to invest Rs 400 cr for KYC compliance over 5 years

MobiKwik impacts 260 million lives across the country through strategic tie-ups and partnership with blue-chip players

MobiKwik to invest Rs 80 cr in marketing, promotion to boost transactions

We are currently seeing three million daily transactions on our platform: MobiKwik

MobiKwik plans to raise $100 mn funding from investors to fuel expansion

The funding is expected to come in during the latter half of the year

After Bajaj Fin buys 11% stake for $33 mn, MobiKwik aims to raise $120 mn

After raising over $33 million from Bajaj Finance Limited, the lending and investment arm of Bajaj Finserv group, online mobile wallet major MobiKwik is planning to bring in $120 million more in investments, the company's co-founder Upasana Taku said. On Wednesday, MobiKwik entered into a strategic tie-up with one of the largest Bajaj Finance, after the firm invested $33 million (Rs 225 crore) for a 10.83 percent stake in the company, taking the valuation of the mobile wallet to $330 million. In the next few weeks MobiKwik would launch a debit and credit wallet. According to MobiKwik the association with Bajaj Finance would help it add a host of financial services, as the finance firm would extend credit facilities through Mobikwik's mobile app catering to the wide customer base of both the companies. "MobiKwik app will have a virtual debit and credit card powered by Bajaj Finance. More than investment we are getting a great partner from whom we would be able to launch sector and ...

MobiKwik, Samsung Pay to enable one-tap payment solution for e-wallet users

Partnership to benefit more than 1.4 million MobiKwik-powered merchants across the country

MobiKwik eyes smart cities

The company is eyeing gross transactions of around Rs 20,000 crore in the next five years

MobiKwik to invest Rs 300 cr to expand user base

---Drop pointer box sent with this----Mobile wallet MobiKwik says it plans to invest Rs 300 crore in office expansion, technology and marketing. The company is in talks with multiple investors for its next round of funding. The present expansion would help it put its best foot forward.The money would be spent on expansion aimed at growing its user base from the current 50 million to 150 mn; they hope to achieve this within a year. The increase in user base would push its annual gross merchandise value (GMV) to $10 billion by the end of the year, from the current $2 bn (Rs 13,300 crore), says the company."There are three areas where we would be investing. We have grown organically and now would invest more to market ourselves and acquire more customers. It is the right time to invest," said Daman Soni, vice-president for growth.The plan is to hire around 1,000 employees, from senior management to junior staff. It is also opening as many as 13 offices across the country, the second ...

MobiKwik to invest $45 million to expand user base

Aims to rack up transactions worth $10 billion on its platform

MobiKwik in talks to raise funds, eyes $1 billion valuation: CEO

He adds that the company will likely see a new cash infusion in the next month

Mobikwik launches app in 5 regional languages to increase accessibility

Users can download this app with just one missed call and sign up with mobile number only

MobiKwik offers zero surcharge at petrol pumps to boost digital payments

MobiKwik is currently accepted across petrol pumps and gas stations in 20 cities

MobiKwik to invest Rs 50 crore, hire 1,000 people by March

Company is setting up offices in 13 cities by the end of the first quarter of 2017

MobiKwik to set up 13 offices pan-India

Expansion will enable 150mn users in India, transact with MobiKwik platform by early 2018