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  • MobiKwik appoints banking veteran Mukul Saxena as CEO of financial services Sep 16, 2022 04:39 PM IST

    MobiKwik appoints banking veteran Mukul Saxena as CEO of financial services

    Saxena was executive vice president and head of the payments business at private sector lender IndusInd Bank

  • BNPL players expect up to 8X credit spike in festive bonanza despite RBI speed-breakers Sep 12, 2022 10:41 AM IST

    BNPL players expect up to 8X credit spike in festive bonanza despite RBI speed-breakers

    Fintechs looking to capture market share from players restricted by new norms; see inflation as a tailwind for credit demand.

  • MobiKwik total income rises 80% to Rs 543 crore in FY22 Sep 02, 2022 08:10 PM IST

    MobiKwik total income rises 80% to Rs 543 crore in FY22

    The company had recorded a total income of Rs 302.3 crore in 2020-21.

  • Mobikwik seeks to raise $100 million after deferring planned IPO Jun 09, 2022 08:41 AM IST

    Mobikwik seeks to raise $100 million after deferring planned IPO

    The Gurugram-based fintech firm, which turned profitable for the first time in the quarter ending Dec. 31, will use the funds for marketing, to hire people and make acquisitions, co-founder Upasana Taku said in an interview in Mumbai.

  • Crypto apps scrap UPI payment option post government announcement, users upset Apr 12, 2022 02:20 PM IST

    Crypto apps scrap UPI payment option post government announcement, users upset

    Crypto trading platforms halted UPI payments after the National Payments Corporation of India (NPCI) put out a statement saying that it was “not aware” that UPI was being used to purchase cryptocurrency.

  • IPO-bound Mobikwik posts first-ever profit in December 2021 quarter: Co founder Mar 09, 2022 12:30 PM IST

    IPO-bound Mobikwik posts first-ever profit in December 2021 quarter: Co founder

    Mobikwik co-founder and Chief Operating Officer Upasana Taku said that the company recorded profit of around Rs 7 crore in the third quarter of 2021-22, after losing money in the first and second quarters.

  • Mobikwik expects to double revenue this fiscal, stays cautious on IPO launch Jan 23, 2022 02:00 PM IST

    Mobikwik expects to double revenue this fiscal, stays cautious on IPO launch

    The company, which posted a narrowing of loss to Rs 111.3 crore and revenue of Rs 302.25 crore in the financial year 2021, expects to double the revenue by the end of current financial year.

  • Indian payments firm MobiKwik to delay planned IPO: CEO Bipin Preet Singh Nov 23, 2021 12:19 PM IST

    Indian payments firm MobiKwik to delay planned IPO: CEO Bipin Preet Singh

    Bajaj Finance-backed MobiKwik will go public "when we feel we are going to have a successful IPO", founder and CEO Bipin Preet Singh told Reuters, adding his firm has a year from October, when it received regulatory approval, to launch an IPO.

  • Storyboard | How MobiKwik is supercharging its brand as it gears up to go public Oct 21, 2021 04:46 PM IST

    Storyboard | How MobiKwik is supercharging its brand as it gears up to go public

    In conversation with Upasana Taku, chairperson, co-founder, and chief operating officer of MobiKwik.

  • Started Mobikwik from my living room; we are very kicked to go public, says Founder Upasana Taku Oct 14, 2021 09:41 AM IST

    Started Mobikwik from my living room; we are very kicked to go public, says Founder Upasana Taku

    Markets regulator SEBI has cleared the decks for Mobikwik’s Rs 1,900 crore IPO. Founder Upasana Taku takes us through the fintech’s ups and downs from its humble beginnings 12 years ago as well as its plans for the future

  • MobiKwik turns unicorn ahead of IPO Oct 12, 2021 07:57 PM IST

    MobiKwik turns unicorn ahead of IPO

    MobiKwik employees exercised their ESOPs (Employee stock ownership) in a recently opened window by selling part of their shares in a secondary sale.

  • Indian startup funding crosses $25 billion amid unicorn boom Oct 08, 2021 04:14 PM IST

    Indian startup funding crosses $25 billion amid unicorn boom

    The record-breaking funding continues for startups

  • Exclusive | Mobikwik gets SEBI nod to float IPO, issue likely before Diwali Oct 08, 2021 10:47 AM IST

    Exclusive | Mobikwik gets SEBI nod to float IPO, issue likely before Diwali

    As per the sources, Mobikwik is likely to launch the IPO pre Diwali.

  • Our listing will provide bountiful rewards to employees: MobiKwik Sep 21, 2021 01:36 PM IST

    Our listing will provide bountiful rewards to employees: MobiKwik

    The company, under its ESOP 2014 Scheme, has reserved 4.5 million equity shares for creating a pool of ESOPs for the benefit of the eligible employees.

  • After Pine Labs & Mobikwik, now Visa & Lightbox backed B2B payment solutions firm PayMate planning an IPO Jul 14, 2021 02:04 PM IST

    After Pine Labs & Mobikwik, now Visa & Lightbox backed B2B payment solutions firm PayMate planning an IPO

    The firm’s founder Ajay Adiseshann is a technology entrepreneur . Beyond Visa & Lightbox, the firm’s other investors include Recruit Strategic LLC, Mayfair 101, BCCL, Mayfield Fund, Kleiner Perkins Caufield & Byers & Sherpalo Ventures

  • Decoding MobiKwik's IPO documents in 5 charts Jul 13, 2021 04:07 PM IST

    Decoding MobiKwik's IPO documents in 5 charts

    MobiKwik is looking to raise Rs 1,900 crore through the offering. About Rs 1,500 crore will be primary share sale, while up to Rs 400 crore will be secondary share sale where existing investors can sell their stake

  • Mobikwik IPO: Here are the risk factors listed in DRHP Jul 12, 2021 08:16 PM IST

    Mobikwik IPO: Here are the risk factors listed in DRHP

    COVID-19 impact, security breaches, intense competition in fintech industry, risks of BNPL credit, and "any failure to maintain, protect and enhance our brand and reputation" were cited among the risk factors in Mobikwik's DRHP.

  • Forensic audit into the data leak did not find unauthorised access, MobiKwik DRHP Jul 12, 2021 08:14 PM IST

    Forensic audit into the data leak did not find unauthorised access, MobiKwik DRHP

    The forensic audit expert however states certain limitations to the processes undertaken, including virtual walk-through of our systems, not analysing employee devices and that the review was based on logs made available by us and certain non-mandatory logs were not available for the audit, DHRP said.

  • Mobikwik files DRHP for Rs 1,900 crore IPO Jul 12, 2021 06:34 PM IST

    Mobikwik files DRHP for Rs 1,900 crore IPO

    About Rs 1,500 crore will be primary share sales while up to Rs 400 crore will be secondary share sales where existing investors can sell their stake.

  • Abu Dhabi Investment Authority picks up minority stake in Mobikwik for $20 million Jun 27, 2021 06:22 PM IST

    Abu Dhabi Investment Authority picks up minority stake in Mobikwik for $20 million

    The latest round of funding of $20 million from the Abu Dhabi Investment Authority values the company at $700 million (nearly Rs 5,193 crore).

  • Data breaches rock India: How can you stay safe online? May 26, 2021 06:52 PM IST

    Data breaches rock India: How can you stay safe online?

    The COVID-19 pandemic has accelerated the pace of digital adoption but this has also come at a cost, as increasing instances of data breaches rock India at frequent intervals. From BigBasket to Mobikwik to Dunzo to Domino's, the list goes on. According to the 2020 Global Cyber Security Survey, 74 percent of Indian organizations were threatened and eventually paid up after getting attacked with malicious ransomware. Has investment in security not kept up with the increasing shift to work from home? Why has the frequency of breaches increased? Is there legal recourse for those who have been affected? How can you stay safe online? Four top experts answer all your questions LIVE on May 28, Friday, 6 pm on Moneycontrol. 

  • Why is the Domino’s India data breach unusual and what can you do about it? May 24, 2021 05:39 PM IST

    Why is the Domino’s India data breach unusual and what can you do about it?

    Data breach at Domino’s India is unusual because unlike other cases, the information is publicly available on the internet, which experts say highlights the need for strong data protection laws in India to protect users and make companies accountable

  • RBI orders forensic audit of MobiKwik's systems after alleged data leak Apr 01, 2021 09:07 AM IST

    RBI orders forensic audit of MobiKwik's systems after alleged data leak

    RBI has reportedly ordered an immediate forensic audit of the MobiKwik's systems by a certified auditor.

  • Hacker claims to have deleted MobiKwik users' data; security researchers cautious Mar 31, 2021 04:19 PM IST

    Hacker claims to have deleted MobiKwik users' data; security researchers cautious

    The massive breach of MobiKwik user data reportedly included KYC details of 3.5 million people and phone numbers, email, hashed passwords, addresses, bank accounts and card details of close to 10 crore users. This data was available for sale on the dark web for anyone who could pay 1.5 bitcoins, which is equal to $8,8434.

  • Internet Freedom Foundation calls for CERT-IN inquiry into reported MobiKwik data leak Mar 31, 2021 03:22 PM IST

    Internet Freedom Foundation calls for CERT-IN inquiry into reported MobiKwik data leak

    The Cert-IN is governed by the Ministry of Electronics and Information Technology. MobiKwik continued to deny that the data has been leaked and said it would get a third party to conduct forensic data security audit.

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