Liquidity Events
Peak XV exits fintech co. MobiKwik with Rs.130-Cr block deal
Venture capital firm Peak XV Partners has exited listed fintech company Gurugram-based MobiKwik through a block deal valued at INR 130 crore (about USD 13.8 million). The shares were acquired by Florintree Advisors, Viridian Asset Management, Dymon Asia, and Karma Capital.Peak XV sold 6.08 million shares at an average price of INR 214 per share. This transaction occurred a day after MobiKwik received a licence to set up a non-banking financial company (NBFC) from the Reserve Bank of India. Peak XV held a 7.89% stake in MobiKwik at the end of the March quarter.
Between Mar 2014 and Mar 2024, MobiKwik had attracted about USD 195 M from BlackSoil Capital, Orios VP, ADIA, Pratithi Investments, Trifecta Capital, GMO Venture Partners, Peak XV Partners, Bajaj Finance, MediaTek, Tree Line Asia, InnoVen Capital, Amex Ventures, Cisco, and others.For FY25, MobiKwik had reported about INR 1,164 Cr in Operating Income and about INR 122 Cr in Net Loss.
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