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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Change Company | Change Company | Change Company | ||
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Overall Rating | 3.6/5 based on 375 reviews | 3.0/5 based on 1.1k reviews | 2.9/5 based on 1.4k reviews | 3.6/5 based on 538 reviews |
Highly Rated for | No highly rated category | No highly rated category | No highly rated category | No highly rated category |
Critically Rated for | Promotions | Promotions Salary Job security | Job security Work satisfaction Work-life balance | Promotions Work satisfaction |
Primary Work Policy | Work from office 74% employees reported | Work from office 60% employees reported | Work from office 93% employees reported | Work from office 56% employees reported |
Rating by Women Employees | 3.8 Good rated by 66 women | 3.4 Average rated by 98 women | 2.9 Poor rated by 340 women | 3.4 Average rated by 124 women |
Rating by Men Employees | 3.6 Good rated by 287 men | 2.9 Poor rated by 945 men | 2.8 Poor rated by 938 men | 3.7 Good rated by 383 men |
Job security | 3.5 Good | 2.9 Poor | 2.3 Poor | 3.4 Average |
Mobikwik Salaries
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Software Development Engineer II
Software Engineer
Operations Executive
Software Development Engineer
Devops Engineer
Data Analyst
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Associate Director
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Mobikwik reports Rs 1.26 crore fraud by ex-employee, tightens security measures
- Mobikwik Systems reports a fraud of Rs 1.26 crore by an ex-employee.
- The former employee misused corporate funds by falsifying merchant data.
- Mobikwik tightens security measures including single sign-on system and restricted admin privileges.
- The incident comes at a challenging time for Mobikwik as its share value has declined by more than 40%.

Govt Preps Ola-Uber Rival, Abound Nets $14 Mn & More
- The Indian government is preparing to launch its ride-hailing service called Sahkar Taxi, posing a potential challenge to Ola and Uber by offering drivers 100% earnings retention.
- The zero commission model of Sahkar Taxi may attract drivers away from Ola and Uber, but customer loyalty remains a key hurdle in challenging the duopoly.
- Success for Sahkar Taxi hinges on developing a reliable tech infrastructure, scaling fleets, and ensuring a competitive customer experience.
- Abound, a cross-border financial solutions startup, secured $14 million in a seed round led by NEAR Foundation to facilitate seamless transactions for the Indian community in the US.
- Cult.fit has enlisted Axis Capital, Jefferies, Goldman Sachs, and others for its upcoming INR 2,500 crore IPO, aiming for a valuation of INR 17,132 crore.
- JioHotstar recently reached 100 million subscribers following its merger with JioCinema, attributing the growth to strategic pricing and telecom partnerships.
- Reliance-funded JFS invested INR 1,000 crore in its NBFC arm, Jio Finance Limited, to support its home loan and mutual fund-backed loan offerings.
- MobiKwik reported a fraud case where a former employee allegedly altered merchant details to siphon off INR 1.26 crore, leading to legal action and the employee's arrest.
- The Delhi HC is set to hear the trademark infringement case between Tesla and Tesla Power India on April 15 after unsuccessful mediation attempts.
- 2 AM VC announced the launch of its second fund to invest in 30 Indian startups across various sectors like consumer tech, fintech, and AI.
- Beyond Appliances, focusing on smart kitchen solutions, aims to disrupt the market with AI-powered chimneys and hob-top stoves, competing against established brands with innovative features and data-driven strategies.

One MobikWik Ex-employee Misappropriates Funds To The Tune Of Rs 1.3 Crore
- An ex-employee of MobikWik misappropriated funds to the tune of Rs 1.3 crore by altering merchant details
- The company has taken corrective measures, including filing a complaint with the police and implementing security measures
- MobikWik raised Rs 257 crore from anchor investors
- The company plans to expand its product portfolio distribution network
MobiKwik Loses INR 1.3 Cr Due To Fraud
- Fintech company MobiKwik discovers fraudulent activity conducted by an ex-employee.
- The ex-employee, Gaurav Sharma, siphoned off INR 1.26 Cr by altering merchant details.
- The company has taken corrective measures and filed a complaint with the police.
- MobiKwik has implemented measures such as SSO login, restricting access, and establishing separate wallets.

Stock Market Live: Gift Nifty Below 23,700; One MobiKwik Systems, BSE In Focus
- Gift Nifty trading below 23,700 mark in early trends.
- Indian Rupee weakens against US dollar.
- Macquarie initiates coverage on Trent with an "Outperform" rating.
- Helmet manufacturer Studd's IPO to be pure OFS of up to 77.9 lakh shares.

BluSmart Breaks Down, Groww Eyes $200 Mn & More
- BluSmart, an EV ride-hailing startup, faces challenges as its key leasing customer, Gensol Engineering, gets downgraded to 'Junk.' BluSmart's fleet ownership is now under a new third-party lessor, putting it at the mercy of competitors like Uber India.
- BluSmart's losses, leadership uncertainties, and operational issues have weakened its position as a challenger to Ola-Uber in India's ride-hailing market.
- Investment tech unicorn Groww plans to raise $200 million in a pre-IPO round from GIC fund and Tiger Global at a valuation of $6.5 billion.
- MobiKwik, a fintech firm, enters the investment tech space by setting up a wholly owned subsidiary to compete with Zerodha and Groww.

MobiKwik expands into brokerage with new securities arm
- MobiKwik has entered the brokerage industry by incorporating Mobikwik Securities Broking Private Limited (MSBPL), a wholly owned subsidiary.
- MSBPL will engage in securities trading, potentially competing with established brokerage firms.
- This move aligns with MobiKwik's goal of becoming a comprehensive financial services platform.
- MobiKwik recently acquired a stake in Blostem, a B2B banking infrastructure platform specializing in fixed deposit aggregation.

New Age Tech Stocks Recover $6 Bn+ In M-Cap As FIIs Turn Bullish
- New-age tech stocks added $6.4 Bn to their market cap as FIIs turned bullish, with 27 out of 32 companies registering gains between 0.98% to 21% in the third week of March.
- PB Fintech and MobiKwik were among the top gainers, with PB Fintech surging 20.65% after a positive brokerage report and MobiKwik rebounding 18.78% following an all-time low earlier in the week.
- Paytm and Zomato also saw increases in their stock prices, while Swiggy and a few others experienced losses during the week.
- The total market cap of the 32 new-age tech stocks reached $76.65 Bn by the end of the week.
- The increase in market activity was attributed to a positive trend in the Indian equities markets, with Sensex and Nifty posting gains and approaching critical resistance levels.
- The inflow of capital into the market was influenced by the correction in the dollar index and FIIs turning into buyers after a period of selling.
- Ola Electric faced regulatory challenges but still saw its shares rise, while Paytm gained momentum with approval for its tech arm to operate as a registered research analyst.
- Investors are optimistic about Paytm's potential in wealth management following the SEBI approval for its research services.
- The overall bullish sentiment in the market was supported by positive domestic fundamentals, a weaker dollar, and increased FII investments.
- The recovery in tech stocks reflects the changing market dynamics and growing investor confidence in the sector.

MobiKwik Projected To See Around 40% Growth Over Next Two Years: Dolat Capital’s Rahul Jain
- Fintech player MobiKwik is projected to have a 35-40% growth over the next couple of years.
- The recent initial public offering (IPO) proceeds have significantly boosted MobiKwik's balance sheet and will support business expansion and diversification.
- MobiKwik plans to use the IPO proceeds to enter the devices business in order to enhance 'stickiness' with its merchant base.
- The focus on expanding financial services and innovative product offerings will aid MobiKwik's growth and allow them to scale in terms of both users and revenue.
MobiKwik Rallies For Second Session, Surges 18% Intraday
- Shares of fintech giant MobiKwik surged 18% in the second session of trading.
- The stock hit a 52-week low on Monday, but made a sharp recovery with a 20% surge yesterday.
- MobiKwik's market capitalisation currently stands at INR 2,717 Cr.
- The company made its public market debut in December 2024.

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