Friday, 24 March, 2023

MobiKwik attains unicorn status ahead of IPO

<p>Digital Wallets company MobiKwik has turned Unicorn following a secondary ESOP Sale led by Mathew Cyriac. While the exact transaction size could not be ascertained, sources close to the matter claimed that the round took place at an enterprise valuation of $1B. MobiKwik&#39;s last known valuation was $720M, after a $20M investment by Abu Dhabi Investment Authority. It has received approval from SEBI for an IPO through which it plans to raise ₹1,900cr.</p> <p>&nbsp;</p>