MobiKwik targets IPO by September, seeks to raise $200-$250 mn: Report

One MobiKwik System Pvt, the Indian digital wallet and payments startup, is targeting an initial public offering before September that could raise between $200 million and $250 million, according to people familiar with the matter.
 

MobiKwik is planning to file its draft IPO prospectus by May for an offering in Mumbai that could value the company at more than $1 billion, the people said, asking not to be identified as the information is private. The Gurgaon-based company intends to hold a pre-IPO funding round that could give the startup a valuation of about $700 million, the people said.
 

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