
Mobikwik

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About Mobikwik
We are a publicly listed fintech company and the home to India’s largest digital wallet and trusted by over 167 million users and more than 4.4 million merchants. Our platform-based business comprises 2-sided payment networks, bridging payments for users and merchants. We cater to the financial needs of our users via payments, investments, and consumer credit. On the merchant side, we aim to empower their businesses as their primary payment partner by offering a range of financial services such as QR, Soundbox, EDC machine & more.
As a technology-first company, we leverage big data analytics and deep data science to keep on innovating and delivering world-class financial products for Bharat! Founded in 2009 by Bipin Preet Singh and Upasana Taku, we have over 167 million registered users who make day-to-day payments at large retail chains and mom & pop (kirana) stores, across a 4.4 million strong merchant network.
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Overall Rating | 3.7/5 based on 362 reviews | 3.3/5 based on 7.4k reviews | 3.8/5 based on 301 reviews | 4.0/5 based on 2.3k reviews ![]() |
Highly Rated for | ![]() No highly rated category | ![]() No highly rated category | Work-life balance Job security Company culture | Salary Skill development Work-life balance |
Critically Rated for | Promotions | Job security Promotions Company culture | Promotions | ![]() No critically rated category |
Primary Work Policy | Work from office 72% employees reported | Work from office 48% employees reported | Hybrid 39% employees reported | Work from office 51% employees reported |
Rating by Women Employees | 3.8 Good rated by 63 women | 3.2 Average rated by 624 women | 3.8 Good rated by 59 women | 3.4 Average rated by 170 women |
Rating by Men Employees | 3.7 Good rated by 277 men | 3.3 Average rated by 6.4k men | 3.9 Good rated by 217 men | 4.0 Good rated by 2k men |
Job security | 3.6 Good | 2.7 Poor | 3.8 Good | 3.8 Good |
Mobikwik Salaries
Team Lead
Software Developer
Software Development Engineer II
Software Engineer
Software Development Engineer
Operations Executive
Fraud Analyst
Devops Engineer
Data Analyst
Associate Director
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Mobikwik News
MobiKwik Shares Extend Losses For 6th Day, Crash To Fresh All-Time Low
- MobiKwik's shares fell 5.5% to INR 277.55, marking a fresh all-time low.
- The stock is down 57.90% from its 52-week high of INR 698.30.
- MobiKwik slipped into the red with a net loss of INR 55.28 Cr in Q3 FY25.
- MobiKwik acquired additional stake in Blostem Fintech and obtained IRDAI approval for insurance distribution.

Market slump hits new-age stocks; many trade below IPO price
- Stock prices of nearly half of the 15 new-age companies listed since 2021 are trading below their IPO prices, with companies like Paytm, Delhivery, and Honasa Consumer being top losers.
- The poor performance of these stocks may be attributed to company-specific issues and a broader market slowdown trend.
- Over 20 new-age companies are planning to go public, but the market slump could shorten their IPO window, as per ET reports.
- Factors like poor results, regulatory concerns, and foreign institutional investor pullout are influencing sentiment in the market.
- As per BSE data, Paytm's stock is more than 65% lower than its IPO price, recovering from a 52-week low of Rs 310 to close at Rs 734.20.
- Honasa Consumer, facing operational challenges, is trading 32% lower than its issue price, with Mamaearth sales on a decline.
- Nykaa and Delhivery are also impacted by macroeconomic factors, trading below their IPO prices.
- Zomato and PB Fintech have stood out as gainers, with Zomato trading nearly three times higher than its IPO price.
- PB Fintech's revenue growth and expansion have led to stock market premium, while Swiggy, FirstCry, and Ola Electric are trading below their IPO prices.
- Mobikwik and Go Digit General Insurance are trading higher than their issue prices, while Awfis, Blackbuck, and Ixigo are significantly above their IPO prices.

MobiKwik Shares Drop 6% To Hit Fresh All-Time Low
- Shares of MobiKwik dropped 5.6% to hit a fresh all-time low of INR 293.60 per share on the BSE.
- The company's market capitalization currently stands at INR 2,373.71 Cr.
- MobiKwik acquired an additional 3.39% stake in Blostem Fintech Private Limited.
- Since its public listing, MobiKwik has lost 41.3% in value.

Mobikwik acquires 3.39% stake in Blostem Fintech for Rs 1.49 Cr
- MobiKwik has acquired a 3.39% stake in Blostem Fintech.
- The acquisition will be completed by February 28, 2025.
- MobiKwik will invest Rs 1.49 crore for the stake.
- Blostem is a B2B banking infrastructure platform specialising in fixed deposit aggregation.

Listed fintech firm MobiKwik acquires 3.39% stake in Blostem fintech
- Fintech firm MobiKwik, through its parent company One MobiKwik Systems, has acquired a 3.39% stake in Blostem Fintech.
- MobiKwik will invest a total of about Rs 3 crore in two phases, strengthening its position in the fintech space.
- Blostem Fintech, founded in 2021, is a B2B banking infrastructure platform focused on fixed deposit aggregation.
- MobiKwik has seen steady growth in recent quarters, with revenue reaching Rs 269 crore in Q3 of FY25.

Today Startup News 21 February 2025 From The Indian Startup Ecosystem
- Health food brand The Whole Truth raises $15Mn In Series C Funding
- One MobiKwik Systems Acquires 3.39% Stake In Blostem Fintech
- Head Digital Works Acquires Deltatech Gaming For Rs 491 Crore
- FirstCry Company Secretary Neelam Jethani Resigns To Pursue New Avenues

MobiKwik To Pick Up Additional 3.39% Stake In Blostem Fintech
- Fintech major MobiKwik is acquiring an additional 3.39% stake in Blostem Fintech Private Limited for INR 1.5 Cr.
- This acquisition is the second tranche of the share subscription and shareholders’ agreement that MobiKwik signed with Blostem in March last year.
- With this second tranche, MobiKwik’s total shareholding in Blostem is likely to be 6.79% on a fully converted and diluted basis.
- Blostem provides financial solutions with fixed deposit (FD) aggregation as its core offering and reported revenue of INR 30.76 Lakh for the financial year ended March 31, 2024.

Stock Market Today: All You Need To Know Going Into Trade On Feb. 20
- India's benchmark indices closed flat on Wednesday with IT and pharmaceutical stocks declining, while realty and metal shares advanced.
- The NSE Nifty 50 ended slightly lower at 22,932.9, and the BSE Sensex closed marginally down at 75,939.18 after a range-bound session.
- Foreign portfolio investors turned net sellers, while domestic institutional investors continued as net buyers for the 11th consecutive session.
- Indian rupee weakened against the US dollar, closing at Rs 86.85 per dollar.
- Stocks to watch include Sundaram-Clayton, BCL Industries, Thomas Cook (India), Bharat Forge, Waaree Energies, Mahindra & Mahindra, and others with notable developments.
- In trading tweaks, several companies saw price band changes, dividend declarations, and shifts in Short-Term ASM Framework.
- In F&O cues, Nifty futures showed a slight decrease, open interest changes, and key open interests for options expiry on Feb. 20 were highlighted.
- Insider trading activities were observed in Maharashtra Seamless, NCC, Deepak Nitrite, and Usha Martin.
- Block deals involved transactions in Lloyds Metals & Energy, while bulk deals included actions in BSE, Tourism Finance Corp, One Mobikwik Systems, and Windlas Biotech.
- The article provided insights on stock market movements, significant company updates, trading activities, insider trading, and financial derivatives cues for the day.

MobiKwik Shares Drop 4% To Touch Fresh All-Time Low
- Shares of fintech major MobiKwik fell 3.8% to hit fresh all-time low at INR 314 apiece during the intraday trading session on the BSE today (February 17).
- MobiKwik made its market debut on December 18, with the stock listing at INR 442.25 on the BSE, a 58.5% premium against the IPO issue price of INR 279.
- The company's shares are now trading almost 29% lower in the exchange today and have lost 46% in value since January 1.
- MobiKwik reported a consolidated net loss of INR 55.28 Cr in Q3 FY25 against a profit of INR 5.27 Cr in the year-ago quarter.

MobiKwik Gets Board Nod To Set Up New Units Amid Plans To Foray Into Insurance Distribution
- Fintech company MobiKwik has received board approval to set up new units as part of its plans to expand and enter new verticals in the fintech industry.
- MobiKwik aims to invest in wholly-owned subsidiaries, complying with applicable provisions of the Companies Act and necessary approvals.
- The company plans to focus on expanding its spend analytics platform Lens, entering the insurance aggregator and distribution space, and scaling up its prepaid payment instruments offering.
- Despite reporting an 18% increase in operating revenue, MobiKwik posted a net loss in the previous quarter due to lower financial services revenue and increased lending-related costs.

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