Total amount raised
$183.4 Million
Latest funding date
3/1/2024
Location
MobiKwik has successfully raised funding over 21 rounds, with the latest being a Post-IPO Secondary round. The company is backed by 38 investors, including BofA Securities Europe SA and SI Investments Broking.
Keep reading to explore the intricacies of MobiKwik's fundraising journey and the investors backing this innovative platform.
What Is MobiKwik?
MobiKwik, based in Gurgaon, Haryana, India, operates in the fintech industry, offering a range of financial products including payments and digital credit services. The company is involved in sectors such as consumer lending, financial services, lending, and mobile payments.
Founded by Bipin Preet Singh and Upasana Taku, MobiKwik has grown to employ between 501 and 1000 people. The platform is known for its online mobile and DTH recharge, bill payments, and easy recharge options.
How Much Funding Has MobiKwik Raised?
- Post-IPO Secondary
- Amount Raised: INR 392,100,000
- Date: September 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to existing shareholders.
- Debt Financing
- Amount Raised: INR 500,000,000
- Date: March 2024
- Lead Investors: BlackSoil
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To bolster financial stability ahead of the IPO.
- Debt Financing
- Amount Raised: INR 55,000,000
- Date: August 2022
- Lead Investors: BlackSoil, Karnation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and expansion plans.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: October 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to existing shareholders.
- Series G
- Amount Raised: USD 20,000,000
- Date: June 2021
- Lead Investors: Abu Dhabi Investment Authority
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand financial services and enhance technology.
- Series F
- Amount Raised: USD 5,000,000
- Date: April 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support product development and market expansion.
- Series F
- Amount Raised: INR 525,000,000
- Date: March 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance payment services and technology.
- Series E
- Amount Raised: INR 415,000,000
- Date: November 2020
- Lead Investors: Hindustan Media Venture
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve financial services.
- Series E
- Amount Raised: USD 4,800,000
- Date: March 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business expansion and technology upgrades.
- Debt Financing
- Amount Raised: USD 24,600,000
- Date: March 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen financial position and support growth.
Total Amount Raised: USD 54,400,000
Current Valuation: Not publicly disclosed
Key Investors
- BofA Securities Europe SA
- Details: BofA Securities Europe SA is a subsidiary of Bank of America, providing a range of financial services including investment banking and securities trading. They are known for their global reach and expertise in financial markets.
- Investment Focus Areas: Financial services, investment banking, securities trading
- Notable Investments: Not publicly disclosed
- SI Investments Broking
- Details: SI Investments Broking is a financial services firm specializing in brokerage and investment advisory services. They offer a variety of financial products to both retail and institutional clients.
- Investment Focus Areas: Brokerage services, investment advisory, financial products
- Notable Investments: Not publicly disclosed
- BlackSoil Capital
- Details: BlackSoil Capital is a financial institution that provides debt funding to companies. They have a strong focus on supporting growth-stage companies through structured debt solutions.
- Investment Focus Areas: Debt funding, fintech, growth-stage companies
- Notable Investments: MobiKwik, Not publicly disclosed
- Abu Dhabi Investment Authority
- Details: The Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund owned by the Emirate of Abu Dhabi. It manages a diversified global investment portfolio across various asset classes.
- Investment Focus Areas: Sovereign wealth fund, diversified investments, global markets
- Notable Investments: Not publicly disclosed
- Hindustan Media Venture
- Details: Hindustan Media Venture is a media and publishing company in India. They are known for their investments in various media-related ventures and have a significant presence in the Indian media landscape.
- Investment Focus Areas: Media, publishing, digital content
- Notable Investments: Not publicly disclosed
What's Next for MobiKwik?
MobiKwik stands at the cusp of significant growth opportunities, driven by its plans to raise Rs 700 crore through an IPO. This capital will be pivotal in expanding its financial services, enhancing product and technology, and scaling its payment services. The fintech industry is ripe with potential, and MobiKwik's recent profitability signals a promising future.
Future fundraising could see MobiKwik exploring more debt financing, as evidenced by its recent Rs 50 crore raise from BlackSoil Capital. However, the company must navigate market risks and competition from other fintech firms. Regulatory challenges and maintaining profitability while scaling operations will be critical hurdles.
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