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The investment comes as the Sachin Bansal-led fintech firm prepares to file documents for initial public offering.
The Bengaluru-based SaaS firm posted a net loss of Rs 9.6 crore during the quarter, compared to a net profit of Rs 0.7 crore in Q1 FY26.
The education-focused NBFC's net profit increased 31% to Rs 154.3 crore in Q1 FY27 from Rs 118 crore a year earlier.
The company’s net profit increased 17% to Rs 438 crore in FY26 from Rs 374 crore in the previous fiscal.
Total expenses surged 36% to nearly Rs 700 crore during FY26 as compared to Rs 513.8 crore in FY25.
Total expenses of the company increased 25% to Rs 555.7 cr.ore during the quarter
The round also saw participation from Razorpay Ventures, GrowthCap Ventures, and Atrium Ventures, along with angel investors including Kunal Shah (CRED), among others.
The funding round also saw participation from existing investors Cactus Venture Partners and India Alternatives.
The funding round also saw participation from Uppekkha.
With the new licence, Skydo can facilitate both incoming and outgoing payments between India and Canada, including local fund collections and payouts.
As part of the investigation, ED has frozen 129 bank accounts containing balances of Rs 18.4 crore.
Shareholders participating in the sale include State Bank of India, Canada Pension Plan Investment Board (CPPIB), MS Strategic (Mauritius) Limited, Aranda Investments (Mauritius) Pte Ltd and Bank of Baroda, among others.
The round also saw participation from Boundless Ventures, iOPEX Technologies, and angel investors Amit Sheth and Bhavin Manek.
Some users have already been affected, with investors reportedly receiving SIP transaction failure messages.
The Bengaluru-based non-banking financial company's net profit fell 46% to Rs 93.32 crore in FY26 from Rs 172.27 crore in the previous year.
MobiKwik said it is targeting a 10x expansion in its merchant payments segment by FY28.
The company posted a net profit of Rs 112.5 crore in FY26 against a net loss of Rs 145.5 crore in the previous financial year.
The company's net profit increased around 58% to Rs 138.8 crore in FY26 from Rs 87.9 crore in FY25.
The company's net loss narrowed to Rs 62.1 crore during the fiscal from Rs 121.5 crore in FY25.
