MobiKwik targets Rs 1500 crore disbursement this fiscal
5 years, 1 month ago

MobiKwik targets Rs 1500 crore disbursement this fiscal

India TV News  

Digital payments company MobiKwik has witnessed strong growth in its lending business and aims to disburse loans worth Rs 1,500 crore in FY2020 through its platform. "We started our digital lending journey more than a year ago, and disbursed over 1,00,000 fully digital loans in September.We are well on track to disburse over Rs 1,500 crore across 1.2 million loans in FY2020," MobiKwik Co-founder and CEO Bipin Preet Singh told PTI. "We have been able to keep operating costs low by delivering the loan completely digitally.these loans range from Rs 2,000 to Rs 2 lakh," he said. MobiKwik's annualised gross revenue is about Rs 425 crore, and in the first half of FY20, over 120 million transactions took place on its platform - up 1.6 times year-on-year.

Loans Crore Singh Mobikwik Targets Rs  targets  rs  growth  digital  lakh  crore  1500  fiscal  loans  disbursement  mobikwik  revenue  disbursed  half

History of this topic

Mobikwik Q2 results: Firm posts loss of ₹3.5 crore vs profit YoY, revenue at ₹291 crore
2 days, 12 hours ago

Mobikwik Q2 results: Firm posts loss of ₹3.5 crore vs profit YoY, revenue at ₹291 crore

Live Mint  

MobiKwik, which recently went public, reported a net loss of ₹3.5 crore for the September 2024 quarter, a sharp contrast to the ₹5.2 crore profit recorded in the same period last year. Operational revenue for the second quarter surged by 43 per cent year-on-year, reaching ₹291 crore compared to ₹203 crore in the corresponding period of the previous financial year. …

Mobikwik share price surges 15%, hits record high: Shoud investors book profit?
2 weeks ago

Mobikwik share price surges 15%, hits record high: Shoud investors book profit?

India Today  

Shares of One Mobikwik Systems Ltd, the parent company of fintech giant Mobikwik, continued their strong upward trajectory for the third consecutive session, soaring 14.64% on Thursday to hit a record high of Rs 698.30 on the Bombay Stock Exchange. However, she cautioned that sustaining this growth would depend on Mobikwik’s ability to maintain profitability and navigate a competitive fintech …

MobiKwik Shares Surge 14%, Marking A Strong Second-Day Rally
3 weeks ago

MobiKwik Shares Surge 14%, Marking A Strong Second-Day Rally

ABP News  

Shares of One MobiKwik Systems surged 14 per cent in early trading on Thursday, reaching a high of Rs 605 on the BSE. The shares of MobiKwik debuted at Rs 442.25 on the BSE and Rs 440 on the NSE, reflecting a premium of 57.7 per cent. As of May 2024, MobiKwik has a 23.11 per cent market share in …

MobiKwik’s IPO: Is this the start of something bigger?
3 weeks, 3 days ago

MobiKwik’s IPO: Is this the start of something bigger?

Live Mint  

MobiKwik’s initial public offering subscription is complete, and it’s all set to make its market debut soon. MobiKwik’s two pillars: Payments vs financial services MobiKwik’s business rests on two key pillars: its payments business and its financial services arm. It earns fees from merchants whenever users make purchases using MobiKwik’s wallet, UPI, MobiKwik-issued card, or even through buy-now-pay-later or EMI …

One MobiKwik Systems IPO subscribed 7.3 times on first day of offer
4 weeks, 1 day ago

One MobiKwik Systems IPO subscribed 7.3 times on first day of offer

The Hindu  

The initial public offering of fintech company One MobiKwik Systems got subscribed 7.3 times, receiving an overwhelming response from retail investors, on the first day of sale on Wednesday. The Retail Individual Investors part got subscribed 26.71 times, while non-institutional investors category received 8.97 times subscription, and the quota for Qualified Institutional Buyers received a mere 2 per cent subscription. …

MobiKwik IPO: Fintech major raises ₹257 crore from anchor investors ahead of subscription
4 weeks, 2 days ago

MobiKwik IPO: Fintech major raises ₹257 crore from anchor investors ahead of subscription

Live Mint  

MobiKwik IPO: One Mobikwik Systems Limited raised nearly ₹257 crore from anchor investors ahead of its IPO subscription opening for bidding tomorrow. MobiKwik Ltd allocated 92.26 lakh equity shares to 21 funds at ₹279 apiece in the anchor round, the upper end of the price band. MobiKwik IPO details MobiKwik Systems is poised to raise ₹572 crore through its IPO, …

Rs 40k cr loans disbursed to farmers under DMK rule: Minister KR Periyakaruppan
3 months, 2 weeks ago

Rs 40k cr loans disbursed to farmers under DMK rule: Minister KR Periyakaruppan

New Indian Express  

CUDDALORE: Minister for Cooperation KR Periyakaruppan said the DMK government has disbursed double the amount of loans to farmers compared to the previous AIADMK government. Speaking at the inaugural function of the Keerapalayam Primary Agricultural Co-operative Credit Society’s petrol bunk and new cooperative department buildings near Chidambaram on Wednesday, Periyakaruppan said, “The cooperative department is committed to distributing essential commodities …

MobiKwik gets SEBI nod for ₹1,900 crore IPO
3 years, 3 months ago

MobiKwik gets SEBI nod for ₹1,900 crore IPO

The Hindu  

MobiKwik has received markets regulator SEBI's approval to launch an initial public offering, through which it plans to raise up to ₹1,900 crore. American Express Travel Related Services Company Inc, Bajaj Finance, Cisco Systems Pte Ltd, Sequoia Capital India Investment Holdings III, Sequoia Capital India Investments IV, Tree Line Asia Master Fund Pte Ltd, as well as the company's promoters …

Rs 3,500 Crore: What 3 Indian Startup Founders Each Get after Selling Company
3 years, 4 months ago

Rs 3,500 Crore: What 3 Indian Startup Founders Each Get after Selling Company

News 18  

The founder trio of the payment gateway, BillDesk, has just hit a gold mine as the fintech firm is being bought by Prosus, South African tech-giant Naspers’ investment firm. The two-decade-old company has the most significant number of business clients among payment gateways in India and looks after roughly 60 per cent of all billing transactions in the country. In …

MobiKwik Partners With Home Credit India to Offer Interest-Free Loan of up to Rs 10,000 Into Their Wallet
3 years, 11 months ago

MobiKwik Partners With Home Credit India to Offer Interest-Free Loan of up to Rs 10,000 Into Their Wallet

News 18  

Digital payments platform MobiKwik has announced a strategic partnership with Home Credit India, a local arm of the international consumer finance provider Home Credit Group to launch ‘Home Credit Money.’ The Gurugram-based company in a blog post explains that the Home Credit money enables users to avail instant interest-free loan ranging from Rs 1,500 to Rs 10,000 directly into their …

MobiKwik sees growth returning by Aug-Sep, to hire 100 people in FY21
4 years, 6 months ago

MobiKwik sees growth returning by Aug-Sep, to hire 100 people in FY21

India TV News  

Fintech major MobiKwik on Sunday said it expects to get back to growth trajectory around August-September as digital transactions pick up at offline retailers, and demand in categories like travel returns. However, there was a dip in April and May because of travel segment, and even e-commerce had restrictions," MobiKwik co-founder and COO Upasana Taku told PTI. We were looking …

MobiKwik aims to clock Rs 500 crore revenue from its payment gateway business
5 years, 5 months ago

MobiKwik aims to clock Rs 500 crore revenue from its payment gateway business

India TV News  

Digital payments major MobiKwik on Sunday said it aims to facilitate USD 20 billion worth of transactions through its payments gateway business in the next 12-18 months, a vertical that has been profitable for the company since April this year. The company, which competes with the likes of BillDesk and PayU in this space, is also confident of registering Rs …

Ahead of IPO, digital payments provider Mobikwik scouts for investor; eyes profit next fiscal
5 years, 6 months ago

Ahead of IPO, digital payments provider Mobikwik scouts for investor; eyes profit next fiscal

Firstpost  

Mobikwik, 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 Mumbai: Digital payments provider Mobikwik is aiming to be profitable next fiscal and is looking to onboard an investor who will help it go public in the next three years, a top official has said. …

Discover Related