Mobikwik Looking to Raise more funds before IPO
Mumbai: Digital payment app Mobikwik is looking to onboard an investor who will help it go public in the next three years, a top official has said.
The 2009-incorporated company is planning to report its first quarterly profit in March and will be profitable from a full year perspective from FY21.
"We are looking for an investor who will help the company go for an initial public offering (IPO) in three years," co-founder and chief executive Bipin Preet Singh said.
Singh said he is in talks with multiple players but refused to share more details including to specify whether it will be a strategic or a financial investor.
Mobikwik already has Sequoia Capital, Bajaj Finance and South African firm Net 1 UEPS Technologies among its investors.
The company, whose competitors inclu...