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MobiKwik

MobiKwik

MobiKwik is India's largest issuer-independent digital financial services platform, leveraging a sophisticated product and merchant acquisition capabilities.

Financial Services, FinTech

MobiKwik

MobiKwik

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Basic Information

Marching towards profitability and gunning for an IPO by 2022 MobiKwik, India's issuer-independent digital financial services platform leverages a sophisticated product and merchant acquisition capabilities. It has a network of over 3 million direct merchants, 140+ billers, and 107 million-plus users. It records over 1 million transactions/ day. Founded in 2009 by Bipin Preet Singh and Upasana Taku, MobiKwik is backed by marquee investors including Sequoia Capital, American Express, Tree Line Asia, MediaTek, GMO Payment Gateway, Cisco Investments, Net1, and Bajaj Finance. MobiKwik has grown by leaps and bounds over the past few years. The company has clocked a 4X growth in transactions on Y-o-Y basis.

Legal Name

:

One Mobikwik System Pvt Ltd, India

Headquarters

:

Delhi NCR, Delhi, India

Business Model

:

B2C, B2B

Founding Date

:

Apr 2009

No. of Employees

:

501 to 1000

Core Team

:

1.

Bipin Preet Singh

Founder & CEO

2.

Upasana Taku

Co-Founder & COO

3.

Chandan Joshi

Co-Founder & CEO Payments

4.

Saurabh Jain

Vice President Finance

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Funding

Total Funding

$218.1M

Investors

:

1.

American Express Ventures

2.

Net1 UEPS Technologies, Inc

3.

Tree Line Asia

4.

Bajaj Finserv Ltd

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Detail Round Breakdown

Round 1

Round 2

Round 3

Round 4

Round 5

Round 6

Round 7

Round 8

Round 9

Round 10

Round 11

$25M

Series Name

:

SERIES-B

Date

:

8th Apr 2015

Investors

:

1.

Tree Line Asia

2.

Cisco Investments

3.

American Express

4.

Sequoia Capital

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Features

Mobikwik bags Rs 50 Cr debt funding from BlackSoil Capital ahead of IPO: Report

MobiKwik picks Mohit Narain as COO-Consumer Payments; Harvinder Singh Chadha joins Zaakpay

Fintech startup MobiKwik files for Rs 700 Cr IPO with SEBI

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