Peak XV Partners sells 1.5% stake in MobiKwik for Rs 82 Cr

Quick Summary:

The shares were disposed of at an average price of Rs 679.38 apiece, taking the deal value to Rs 81.63 crore.

Founded by Bipin Preet Singh and Upasana Taku, MobiKwik is a digital banking platform, offering a wide range of financial products for both consumers and merchants, including payments, digital credit, and investments.

Last week, MobiKwik's shares listed with a premium of nearly 60%.

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Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: India

Topics: Privacy Peak Policy Crore Apiece Mobikwik Shares Partners Deal Systems Stake

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-26 @ 17:31:19 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 205 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 24677906

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 11 posts per day

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News Last Updated: 10 hours ago

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