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Fintech unicorn MobiKwik has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO). The Gurugram-based company plans to raise ₹700 crore through a fresh issue of equity shares, with no offer-for-sale component. Proceeds from the IPO will be used to strengthen MobiKwik’s financial services, payment services, and invest in technology development. The IPO represents a scaled-down version of its original 2021 filing. MobiKwik reported a 62% revenue growth in FY24, marking its return to profitability. #MobiKwik #IPO #SEBIApproval #Fintech #FinancialServices #PaymentServices #GurugramStartups #TechDevelopment #RevenueGrowth #Profitability #DigitalPayments #IndiaStartups #FintechInnovation #StockMarket #TechIPO

Gurugram-based fintech unicorn MobiKwik has received approval from the Securities and Exchange Board of India (SEBI) to launch its Initial Public Offering (IPO), aiming to raise ₹700 crore. MobiKwik, a prominent digital wallet and Buy Now, Pay Later (BNPL) platform in India, had originally filed for IPO approval in 2021 but delayed the process due to market volatility. #gurugam #ipo #mobikwik #startuplife #startupbusiness #idea_glow_up #Idea_Glow_Up @idea_glow_up

One MobiKwik Systems shines with an 11% jump post-IPO debut, closing at ₹530.70—a 20% rise from its listing price! This reflects strong investor confidence in India's thriving fintech market. 🚀 . . . . #IPO #FintechGrowth #marketwithfinogetn"

Fintech firm #MobiKwik will launch its IPO on December 11, closing on December 13. The IPO size has been reduced to ₹572 crore from its earlier plans of ₹1,900 crore in 2021. The price band is set at ₹265-279 per share, and it will be a fresh issue with no offer-for-sale component. Key highlights - Anchor bidding begins on December 10. Funds allocation - ₹150 crore for financial services expansion. ₹135 crore for its payments business. ₹107 crore for R&D in AI, ML, and technology. ₹70.2 crore for payment devices. Focus on its payments business, which remains the flagship segment. MobiKwik aims to strengthen its position by investing in technology and expanding its services. 🚀📊💳 #mobikwikipo #fintech

#MCResearchPro | Can the MobiKwik IPO leverage India’s growing digital payments market to put money into investors’ wallets? #MCPro finds out the answer. ⤵️ https://lnkd.in/dBFJrrur #MobiKwik #IPO #India #DigitalPayments #Investors | Nitin Agrawal

Fintech unicorn Pine Labs is gearing up for a $1 billion (INR 8,300 crore) initial public offering (IPO) in India. The company aims for a valuation exceeding $6 billion in this second attempt at a public listing, following a previous filing with the US SEC that didn't proceed. Pine Labs may also consider a pre-IPO funding round before the public offering. #PineLabs #IPO #Fintech #Funding #EmergingTiger #Innovation

Trilegal advised the book-running lead managers, SBI Capital and DAM Capital, on the IPO of One Mobikwik Systems, a leading fintech company.   The IPO, an entirely fresh issue, was oversubscribed 119 times, making it the second most subscribed new-age tech IPO in India.   Our Capital Markets team advising on the matter was led by Partners Bhakta Patnaik and Albin George Thomas, who were supported by Malika Grewal and Bhargavi Mahajan, Senior Associates, and Arsh Sinha, Bhoomi Sandesara, Pratyusha Dasgupta, and Snehal Kaushal, Associates.   #Trilegal #IPO #Fintech #Mobikwik #SBIcapital #DAMCapital

Most interesting asset in #fintech space! Fintech venture Mintoak may get a $300mn tag as two investors set for exit. One-Stop Merchant Ecosystem For All Your Business Needs Powered by real-time analytics and easy access to financial services, our comprehensive digital payments platform helps bridge the gap between banks and small businesses globally. MSMEs deserve more holistic solutions in india. It will continue to emerge as a big market. Another asset which has the potential to reach such height is LESS PAY, small retailers can be included further. In regular conversation with Sahgal Yadav one thing is certain. Retailers space has a lot of room for innovations. LESS PAY is another emerging venture in Retailtechspace. Stay tuned always.. #Fintech #Retailers #SME #MSMEs

Gurugram-based fintech unicorn MobiKwik has received final approval from the Securities and Exchange Board of India (SEBI) to raise Rs 700 crore through an initial public offering (IPO). The company had refiled its IPO documents with SEBI on January 4 this year. Notably, The IPO is entirely a fresh issue of equity shares, with no offer for sale included. Read the full story here: 👇 https://lnkd.in/gRtmvxr3 #fintech #unicorn #mobikwik #investors #sebi #startup #gurugram #indianstartupnews

🚀 Upstox Buys Back 5% of Ratan Tata’s Stake, Registers 23,000% Return on Investment 🚀 Upstox has announced the buyback of 5% of Ratan Tata’s stake in the broking platform, with Tata earning an impressive 23,000% return on his 2016 investment, based on the company’s current valuation of $3.5 Bn. This move comes after Upstox reported turning profitable in FY23, with a consolidated profit of INR 25 Cr. 💡 Upstox’s journey from startup to profitability is a testament to the potential of India’s fintech ecosystem, with early investors like Ratan Tata reaping huge rewards for their belief in innovation. #Upstox #RatanTata #Fintech #InvestmentSuccess #StartupGrowth #IndiaStartups #Profitability