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

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 YoY basis. The brand vision is to enable a billion Indians with one tap access to digital payments, loans, investments and insurance by the year 2022. See more

Legal Name

:

One Mobikwik System Pvt Ltd, India

Headquarters

:

Gurgaon, Haryana, 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

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Funding

Total Funding

$218.1M

Investors

:

1.

GMO Venture Partners

2.

Bajaj Finserv Ltd

3.

Net1 UEPS Technologies, Inc

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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

:

Apr 2015

Investors

:
1.

Tree Line Asia

2.

Cisco Investments

3.

American Express

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