Will take a shot at bourses after 3-4 quarters of profit: MobiKwik

Taku said that the company plans on tapping into new investments if it is working on a new product or an inorganic play that requires capital

After deferring its initial public offering (IPO) in November 2021, fintech platform MobiKwik is planning to take a shot at the bourses after demonstrating three-four quarters of profit. 

The company posted its first ever consolidated profit at Rs 3 crore during the first quarter of 2023-24 (Q1 FY24). 

“The number one question for a tech startup, which is going for listing is when will it become profitable and how will it grow? I want to demonstrate that first. This means, we should have three-four quarters of profits to show,” said Upasana Taku, co-founder and chief operating officer (COO) at MobiKwik,