 "Co-founder Upasana Taku says the firm is looking at scaling its lending portfolio and achieving profitability on a full year basis in FY21")
Digital payments company MobiKwik on Tuesday said that it has turned operationally profitable, on an annual run rate basis, riding on the back of its financial services business. The Gurugram-based firm which started its operations in 2009, is looking at further scaling its lending portfolio and achieve profitability on a full year basis in FY21.
“Once we hit this landmark milestone, we will march forward towards an IPO in 2023-24,” said said Upasana Taku, co-founder, MobiKwik.
The company, backed by investors such as Sequoia Capital India and Cisco, had posted an operational loss of Rs 12 crore in August last
