Net1

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.

Fintech Highlights

  1. Crypto exchange CoinDCX loses $44 million in hack

  2. Altum Credo raising additional Rs 100 crore in extended Series C funding

  3. Paytm Money to rope in HDFC Securities executive as CEO: report

  4. Flipkart-owned Super.money entering stock broking space

  5. Jupiter Money gets IRDAI approval to enter insurance distribution space
  6. Read more news...

AI/Emerging Tech

  1. Nvidia's H20 AI chip stock for China falls short

  2. Anysphere acquiring top engineers from AI-powered CRM startup Koala

  3. Perplexity ties up with Bharti Airtel to provide 12-month free Pro subscription

  4. Meta ropes in two senior Apple AI researchers

  5. OpenAI launches proactively thinking and acting ChatGPT agent
  6. Read more news...

Editor's Pick

  1. RBI vs Government: The battle over India’s digital payments ecosystem explained

  2. What led Google-backed DotPe to shut down its lending unit

  3. Madras HC grants anticipatory bail to Strata founder in email impersonation case