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Lendbox

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.

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.

RBI amends P2P lending guidelines

RBI amends P2P lending guidelines

16 Aug 2024, 22:27 PM

After observing some peer-to-peer lending platforms violating the RBI's guidelines, the central bank has announced modifications to the master directions of NBFC-P2P.

Who Reads Us

Fintech Highlights

  1. Warbug Pincus-backed Truhome Finance files draft papers for IPO

  2. Navi posts 17.7% revenue growth in FY25, slips into loss

  3. PayU ties up with GoKwik to launch integrated commerce stack for D2C brands

  4. RBI floats draft rules to compensate victims of digital frauds

  5. RBI approves Ketan Merchant's appointment as interim CEO of Fino Bank

  6. Read more news...

AI/Emerging Tech

  1. Ex-Meta AI chief Yann LeCun's AMI Labs bags over $1 billion in seed funding

  2. OpenAI's robotics exec quits over Pentagon deal

  3. OpenAI launches 'most capable and efficient frontier model' GPT-5.4

  4. Cheerio AI raises seed funding led by Artha Venture Fund II

  5. OpenAI raises $110 billion from Amazon, Softbank, Nvidia

  6. Read more news...

IPO Tales

  1. Shiprocket IPO: A profitable core, costly emerging bets

  2. Fractal IPO: A bountiful harvest for PE investors, now comes the real AI test

  3. Boat IPO: A second shot amid management shake-up, flat revenues, eager to exit investor

  4. From social-commerce darling to e-commerce challenger: Inside Meesho’s IPO

  5. Read more news...

Money & Machines

  1. A CEO arrested, hearing delayed; Sarvam's AI pitch

  2. Airtel's lending leap; Responsible AI only on paper?

  3. AI everywhere. Fintech...somewhere; India's AI groundwork

  4. The Wegofin episode; India's AI optics vs spending reality

  5. Previous editions...

PE/VC Tales

  1. TDV Partners bullish on consumer over AI, plans bigger fund

  2. Peak XV top partners exit, a key retention marks a week of upheaval

  3. Silverneedle eyes 10x larger second fund, plans first semiconductor bet

  4. Inside Rebel Foods, Droom backer Lightbox's post-exodus reset

  5. Read more news...

Editor's Pick

  1. ED orders Yes Bank to freeze accounts linked to BranchX, Frenzopay

  2. The shadow economy of online gaming: How money moves beyond the screen

  3. A VC in photos, a different story in business? Behind the facade of Foxhog’s Tarun Poddar

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