One Mobikwik

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

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  2. ADIA sells entire stake in MobiKwik

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  4. Slice appoints former RBI executive Eugene Karthak as part-time chairman, independent director

  5. ADIO signs MoU with Ant International to strengthen Abu Dhabi's fintech ecosystem
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AI/Emerging Tech

  1. Stripe launches new blockchain company Tempo in partnership with Paradigm

  2. OpenAI to launch AI-powered hiring platform

  3. OpenAI to acquire product testing startup Statsig

  4. Anthropic raises $13 billion in Series F at $183 billion post-money valuation

  5. Accel, Celesta, Gaja, others form alliance for deep tech bets in India-domiciled enterprises
  6. Read more news...

Money & Machines

  1. What India's Gaming Ban Reveals About UPI; Why RBI wants AI to Fix Finance

  2. Journalism was already dying — AI wasn't the culprit

  3. IRCTC enters payments where giants bleed; RIP of RIP in AI

  4. Fintech founders shaping policy; India on AI map?

Editor's Pick

  1. Jio’s third attempt at payments: Can Mukesh Ambani finally crack the merchant code?

  2. Exclusive: ICICI Bank breaks zero-fee UPI model, starts charging payment aggregators

  3. Pine Labs IPO Playbook: Between DRHP Gloss and Ground Reality