Payment services provider Mobikwik in talks to raise $100-M

Gurugram-based fintech firm Mobikwik is in talks with investors to raise USD 100 million to expand its business amidst a delay in its initial public offering (IPO) plans. It will deploy the fresh funds for marketing, hiring people and making acquisitions. Last valued at over USD 700 million, Mobikwik is a 'buy now, pay later' (BNPL) service provider. It claims to have over 100 million registered users.