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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, 11:43 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.

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