Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

MobiKwik gets $50 mn investment

by | May 25, 2021

mobikwikNew Delhi, (IANS) Mobile payments network MobiKwik on Tuesday said it had received $50 million investment from Japan’s payment gateway GMO and semiconductor company Mediatek.

The latest round of funding will be used for rapid product innovation, ramping up the team and user growth, MobiKwik said in a statement here.

“We are very excited to live up to the investors’ expectations and raise the funding,” MobiKwik Founder and CEO Bipin Preet Singh said.

MobiKwik’s existing investors include Sequoia Capital and Treeline Asia.

MobiKwik’s GMV (gross merchandise value) has grown by 250 percent year on year for the last four years, the company said.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Recent Posts

Once valued at USD 22 billion, Byju’s is now worth ‘zero’

Once valued at USD 22 billion, Byju’s is now worth ‘zero’

New Delhi: In what could be a shocker to many, edtech firm Byju’s, which was once valued at $22 billion, is now worth zero, according to a research note by financial firm HSBC. HSBC has assigned zero value to investment company Prosus’ nearly 10 per cent stake (or...

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *