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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 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.

Fintech Highlights

  1. Regtech startup Zango AI secures $4.8 million funding from Nexus, others

  2. Manipal Payment and Identity Solutions files draft papers for IPO via confidential route: report

  3. MobiKwik-backed Blostem bags seed funding

  4. MobiKwik elevates Saurabh Dwivedi as Chief Technology Officer

  5. Jio Financial pumps Rs 190 crore into payments bank
  6. Read more highlights...

AI/Emerging Tech

  1. AI Mode, ChatGPT or Perplexity - who's best at keeping kids active indoors on hot days

  2. Over 40% of agentic AI projects to be scrapped by 2027-end: Gartner

  3. At a Glance: AI Data Labeling companies beyond Scale AI

  4. Darwix AI bags seed funding

  5. Google plans to snap ties with Scale AI after Meta's "significant" investment
  6. Read more highlights...

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