MobiKwik

About

MobiKwik is a financial services company that provides a fintech platform designed for online payments, life insurance, and loans.

Gurgaon,Haryana,India
501 - 1000
https://www.mobikwik.com

Highlights

Details

Last Funding Type: Debt Financing
Last Funding Money Raised: ₹55M
Industries: Consumer Lending,Financial Services,FinTech,Lending,Mobile Payments,Payments,Wealth Management
Founded date: Aug 15, 2009
Number Of Employee: 501 - 1000
Operating Status: Active
Legal Name: One MobiKwik Systems Private Limited

MobiKwik is a fintech platform, operating businesses in consumer payments, payment gateway, and financial services. MobiKwik’s payments network is one of the largest in India with 120 million users, 3 million merchants, and 300+ billers. The vision of the company is to build accessible, and affordable digital financial services for a Billion Indians. Founded in 2009 by Bipin Preet Singh and Upasana Taku, the company has raised over $100M in funding from marquee investors. With 60% Indian ownership, MobiKwik is the Truly Indian Payments App.

Having grown from its strength in payments, the company has transformed into a full-stack fintech platform offering financial products. Since 2018, MobiKwik has disbursed 19 lakh loans via its Digital Credit Line, which disburses money instantly to the user’s wallet. The company ventured into the mutual fund space with the acquisition of Mumbai-based Clearfunds.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

19

₹5.08B $103.20M

MobiKwik has raised a total of ₹5.08B $103.20M in funding over 2 rounds. Their latest funding was raised on Aug 4, 2022 from a Debt Financing round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Aug 4, 2022	Debt Financing	₹55M	2	BlackSoil Karnation	—	Detail
Oct 13, 2021	Secondary Market	—	—	—	—	Detail
Jun 9, 2021	Series G	₹1.49B	1	Abu Dhabi Investment Authority	—	Detail
Apr 14, 2021	Series F	$5M	11	—	—	Detail
Mar 24, 2021	Series F	₹525M	5	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

10

0

MobiKwik has made 10 investments. Their most recent investment was on Oct 12, 2022, when Nxyz raised $40M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Oct 12, 2022 Nxyz	Series A	$40M	Blockchain	—
May 18, 2022 Tally Labs	Seed	$12M	Blockchain	—
Apr 25, 2022 Mad Realities	Seed	$6M	Blockchain	—
Feb 3, 2022 Rare Circles	Seed	$7.50M	Blockchain	—
Jan 20, 2022 Oncyber	Seed	$6.70M	3D Technology	—

Investors

Number of Lead Investors

Number of Investors

16

35

MobiKwik is funded by 35 investors. BlackSoil and Karnation are the most recent investors.

Investor Name	Lead Investor	Funding Round
BlackSoil	Yes	Debt Financing
Karnation	Yes	Debt Financing
Abu Dhabi Investment Authority	Yes	Series G
Hindustan Media Venture	Yes	Series E
Atma Securities	Yes	Series E
Bajaj Finserv Limited	Yes	Series E
NDTV Limited	Yes	Series E
Trifecta Capital Advisors	Yes	Series E
Gaurav Manglik	Yes	Series E
Tianying Fu	Yes	Series E