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Digital payments start-up MobiKwik files for Rs 1,900-crore offering

MobiKwik is the latest among tech majors wanting to list on stock exchanges. Food delivery start-up Zomato will launch its IPO on Wednesday

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MobiKwik, a digital payment company founded in 2009, among the larger mobile wallet and buy now, pay later (BNPL) services providers. It competes with the likes of Paytm, which is also is headed for an IPO

Sundar Sethuraman Mumbai

2 min read Last Updated : Jul 12 2021 | 11:48 PM IST

Fintech firm MobiKwik on Monday filed a draft red herring prospectus (DRHP) with the markets regulator, Securities and Exchange Board of India (Sebi), for its initial public offering (IPO). According to its DRHP, the company plans to raise Rs 1,900 crore, which includes a fresh issue of Rs 1,500 crore and an offer for sale of Rs 400 crore.

The selling shareholders include American Express Travel, Bajaj Finance, Cisco Systems and Sequoia Capital India, besides founder Bipin Preet Singh.

MobiKwik is the latest among tech majors wanting to list on stock exchanges. Food delivery start-up Zomato will launch its IPO on Wednesday.

MobiKwik,

Topics : MobiKwik initial public offerings IPOs stock market Digital Payments Zomato