Friday, 24 March, 2023

Payments startup MobiKwik targets Mumbai IPO by Sept

<p>One MobiKwik is planning an IPO before Sept to raise $200-- $250 mn, at a valuation of around $ 1 bn. The digital payment startup is planning to process its first draft IPO prospectus by May in Mumbai. The Gurgaon-based firm also plans to have pre-IPO funding round at a valuation of about $700 mn. Founded in 2009, the company has received investment from Sequoia Capital and Bajaj Finance among others.</p>