Mobikwik Looking to Raise more funds before IPO
Digital payment app Mobikwik looking to onboard an investor who will help it go public in the next three years.
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Mobile Wallet Mobikwik Makes its First Ever Acquisition
One of the most popular digital payments company in India Mobikwik has reportedly announced the acquisition of online wealth management platform called Clearfunds. With this move, the mobile wallet seems to foray into the country’s wealth management market. The amount of the acquisition deal, however, has not been disclosed yet. Clearfunds is an online mutual […]
MobiKwik Appoints Three New Business Heads, Aims Four-Fold Growth
Digital financial services platform MobiKwik has announced the appointment of three new business heads across three different verticals, with an aim to restructure the senior leadership team. The basic idea behind these appointments is to achieve a four-fold growth in the current year. The company has appointed : – Deepak Batra as the Head of Online […]
Marketing Head Daman Soni steps down from MobiKwik
Digital Wallet Firm MobiKwik’s marketing and growth department head, Daman Soni has resigned from his post, marking another senior level exit from the company. While the firm witnessed a growth as compared to its previous reports it has lost some prominent employees in its senior level hierarchy in a span of last 6-8 months. A […]
MobiKwik Launches UPI on its Platform via its own VPA Handle
The Indian digital financial service platform, MobiKwik has announced to launch Unified Payments Interface (UPI) on its platform through its own VPA handle called “@ikwik” for making payments unlike the one offered by non-banking entities. The company has also assured its users about safety being given utmost priority so that users don’t have to worry […]
Mobikwik Plans To Spend 80 Cr in 6 Months
Digital payments firm MobiKwik plans to invest Rs 60-80 crore on marketing and promotions in the next six months as it looks to drive transaction volumes on its platform and get more consumers onboard. MobiKwik, which competes with the likes of Alibaba-backed Paytm and Flipkarts PhonePe, also expects to see 2.5X growth in daily transactions […]
Mobikwik Loses Rs 19.6 Cr In A Glitch
Minutes after Pixr8 published Mobikwik’s launch of Digital ticketing for Mumbai Metro One and shared it on our twitter account, some Mobikwik customers reported that some money went missing in their Mobikwik Wallet. Have a look: यहां देखे pic.twitter.com/kmgaQhNMNC — irfan anjum (@irfananjum7861) September 29, 2017 MobiKwik, has lost over Rs 19.61 crore due […]
MobiKwik Launches Digital Ticketing For Mumbai Metro One
Indian Mobile Wallet Major, MobiKwik today said it has partnered with Reliance Infrastructure-led Mumbai Metro One for digital ticketing.
Mobikwik Plans To Raise $100 Mn Funding More This Year
E-wallet company Mobikwik is planning to raise around $100 million funding by the end of this year. As covered by Pixr8, it raised Rs 225 crore from Bajaj Finance for 10.83% stake.
Mobikwik Raises Rs 225 Cr From Bajaj Finance
Digital payments platform, Mobikwik has recently raised Rs 225 crore from Bajaj Finance Ltd.
MobiKwik Partners With Samsung Pay For One-Tap Payments
Digital payments company MobiKwik has recently partnered with Samsung Pay, under which consumers will be able to make payments with a single tap using selected Samsung handsets. “As part of the tie-up, MobiKwik wallet is now integrated with Samsung Pay Mini to enable one-tap payments at more than 1.4 million MobiKwik-powered merchants across the country”, […]
Mobikwik & Freecharge Initiated Merger Talks
As per the report, India’s two leading e-wallet company MobiKwik & Freecharge looking to merge in an all-stock deal. According to speculation, behind this deal a chinese investor who is willing to pump Rs USD 200 million into this deal. The talks between Freecharge and MobiKwik are on their initial stages. Sequoia Capital is the […]