Search for: Mobikwik

Rs 40 crore fraud due to technical glitch, not cybersecurity breach: MobiKwik

Rs 40 crore fraud due to technical glitch, not cybersecurity breach: MobiKwik

17 Sep 2025, 11:27 AM

MobiKwik has already recovered Rs 14 crore. An FIR has been filed and over 2,000 merchant bank accounts have been frozen.

ADIA sells entire stake in MobiKwik

ADIA sells entire stake in MobiKwik

02 Sep 2025, 12:43 PM

ADIA had first invested in MobiKwik in 2021, putting Rs 14.89 crore at a $700 million valuation.

MobiKwik sues DAM Capital over Rs 42 crore IPO funds dispute

MobiKwik sues DAM Capital over Rs 42 crore IPO funds dispute

16 Aug 2025, 13:35 PM

The fintech firm alleges that the IPO lead manager DAM Capital has withheld Rs 42 crore meant for IPO-related expenses.

MobiKwik

MobiKwik's Q1 FY26 revenue falls 21% yoy amid financial services slowdown

01 Aug 2025, 12:19 PM

The financial services revenue dropped massively on yoy basis to Rs 58 crore from Rs 170 crore posted during Q1 FY25.

MobiKwik enters stock broking business

MobiKwik enters stock broking business

03 Jul 2025, 16:31 PM

SEBI has issued the certificate of registration to operate as “stock broker/clearing member” to Mobikwik Securities Broking Pvt Ltd.

MobiKwik-backed Blostem bags seed funding

MobiKwik-backed Blostem bags seed funding

30 Jun 2025, 19:17 PM

The latest funding round valued the Delhi-based startup at Rs 45 crore.

MobiKwik elevates Saurabh Dwivedi as Chief Technology Officer

MobiKwik elevates Saurabh Dwivedi as Chief Technology Officer

30 Jun 2025, 18:30 PM

The fintech company has also elevated Dhruv Wadhera as Senior Vice President (SVP), Offline Payments.

Net1 exits MobiKwik after 8-year investment, books a loss

Net1 exits MobiKwik after 8-year investment, books a loss

27 Jun 2025, 11:21 AM

The firm had initially invested $40 million (approximately Rs 270 crore back in 2016) in MobiKwik, which was then seen as the closest rival to Paytm.

MobiKwik FY25 revenue jumps but swings into losses

MobiKwik FY25 revenue jumps but swings into losses

20 May 2025, 15:31 PM

MobiKwik posted Rs 121.5 crore in losses during FY25, compared to Rs 14 crore in net profits in FY24.

MobiKwik

MobiKwik's Zaakpay gets final nod from RBI to operate as payment aggregator

30 Apr 2025, 22:32 PM

In October 2023, the firm had received in-principle authorization from the RBI to operate as a payment aggregator.

MobiKwik sets up wholly-owned unit to operate as an NBFC

MobiKwik sets up wholly-owned unit to operate as an NBFC

25 Apr 2025, 17:35 PM

The Gurugram-based fintech firm will now be required to apply for an NBFC licence from the RBI in order to operate as a non-banking financial company.

MobiKwik reports Rs 1.26 crore fraud by ex-employee

MobiKwik reports Rs 1.26 crore fraud by ex-employee

28 Mar 2025, 21:39 PM

The Gurugram-based fintech claims that the employee embezzled the funds from August 2023 to September 2024 by altering merchant details.

MobiKwik plans entry into stock broking space

MobiKwik plans entry into stock broking space

28 Mar 2025, 20:25 PM

MobiKwik's stock broking arm will deal in shares, stocks, securities, debt instruments, commodities, currencies and their derivatives.

MobiKwik acquires 3.39% stake in API infra startup Blostem Fintech

MobiKwik acquires 3.39% stake in API infra startup Blostem Fintech

24 Feb 2025, 01:13 AM

Founded in 2021 by Ravi Jain and Sandeep Garg, Blostem is a B2B banking infrastructure platform specializing in Fixed Deposit (FD) aggregation.

MobiKwik Q3 losses jump to Rs 55 crore; financial services revenue down by over 50%

MobiKwik Q3 losses jump to Rs 55 crore; financial services revenue down by over 50%

04 Feb 2025, 18:11 PM

MobiKwik posted a net loss of Rs 55 crore, compared to a loss of Rs 3.6 crore during Q2FY25; and a profit of Rs 5 crore posted a year earlier.

MobiKwik

MobiKwik's payments CEO Chandan Joshi quits

25 Jan 2025, 00:48 AM

Chandan Joshi, co-founder and CEO-payments division has resigned, effective from January 24, 2025, due to personal reasons.

MobiKwik Q2 FY25: Revenue at Rs 291 crore and Rs 3.5 crore loss

MobiKwik Q2 FY25: Revenue at Rs 291 crore and Rs 3.5 crore loss

07 Jan 2025, 23:43 PM

MobiKwik and Lendbox struck a deal where MobiKwik gave up Rs 24 cr in income for Q1 FY25, and in return, Lendbox waived Rs 42 cr in facilitation fees. These adjustments impacted MobiKwik's current quarter's revenue and expenses.

Mobikwik secures Rs 257.4 crore from anchor investors ahead of IPO

Mobikwik secures Rs 257.4 crore from anchor investors ahead of IPO

11 Dec 2024, 16:28 PM

Around 21 funds invested through the anchor placement round, including around 10 domestic funds.

In Charts: MobiKwik plans Rs 572 crore IPO. Why its financial services play deserves attention

In Charts: MobiKwik plans Rs 572 crore IPO. Why its financial services play deserves attention

07 Dec 2024, 01:40 AM

While the company has disclosed financials till Q1FY25, the FY25Q2 and FY25Q3 will give a clear view on the performance of MobiKwik.

Blame Game Unfolds: Mobikwik, Lendbox at odds amid P2P lending mess

Blame Game Unfolds: Mobikwik, Lendbox at odds amid P2P lending mess

20 Sep 2024, 19:57 PM

More than a month after the RBI’s crackdown on peer-to-peer (P2P) lending, the Lendbox-MobiKwik partnership is showing cracks, with investors facing a lack of transparency.

The Payment Aggregator Paradox: License to Struggle?

The Payment Aggregator Paradox: License to Struggle?

24 Jul 2024, 07:13 AM

The much-coveted payment aggregator license maybe losing its sheen as it has turned into a regulatory nightmare for some.

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