The company, co-founded by Bipin Preet Singh and Upasana Taku, is also considering a pre-IPO placement to raise an additional Rs 140 crore, which would reduce the size of the fresh issue in the IPO accordingly
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Upasana Taku, Co-founder of MobiKwik, takes to social media to celebrate the company's first profitable year. She expresses gratitude for the 150 million users and reaffirms the company’s commitment to innovation and financial inclusion
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According to Co-founder Bipin Preet Singh, "For MobiKwik, staying focused on its core customers and merchants has been key to survival"
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The company recorded 23 per cent share in the total value of financial transactions through PPI Wallet in May 2024
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