MobiKwik

paymentsmobile/digital wallet

FOUNDING YEAR: 2009
LOCATION: India
Last Update: 17/07/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

About

MobiKwik is a mobile wallet app used for P2P Money Transfer and retail payments.MobiKwik is the way to recharge mobiles, pay bills and shop across merchants in India.

Focus

PRODUCTS & SERVICES

Mobile wallet services - mobile recharge, postpaid bill payment, online DTH recharge, money transfer services to friend & family members, shopping, life insurance, electricity, landline and gas bill payments, etc. It provides a simple online/offline payments services to their merchant partners.

REVENUE MODEL

Company earns revenue by charging a percentage of the transaction as a fee from merchants, and also collects commission from mobile networks.

MAIN CLIENTS

It has around 50,000 merchants (retailers/offline) and 20,000 merchants (online). Major clients are Café Coffee Day

Domino’s Pizza

Pizza Hut

PVR

eBay

Jabong

Snapdeal

ShopClues

HomeShop18

Naaptol

Pepperfry

Fashionara

MakeMyTrip

BookMyShow

etc.

EXISTING PARTNERSHIPS

Partnered with loyalty brands Payback

Cardback - to provide more loyalty services to their customers and strengthen the network

Traction

VALUATION / MARKET CAP:

$625 M in 2016

TRANSACTIONS VALUE:

$196 M

Momentum

FUNDED

YES

TOTAL FUNDING

$121.56 M

DATE OF LAST FUNDING

Mar 2020

TOTAL FUNDING COMMENT

Private equity: $40 M in 2016.

SEED & PRIOR FUNDING

$500 K

SEED CLOSED ON

Sep 2010

FUNDING SERIES

SERIES A  · $2.5 M  · Mar 2014

SERIES B  · $25 M  · Apr 2015

SERIES C  · $50 M  · May 2016

SERIES D  · $35.36 M  · Aug 2017

SERIES E  · $3.4 M  · Dec 2018

OTHERS  · $4.8 M · Mar 2020

DEBT FUNDING

$24.6 M

LISTED

NO

BASICS

FOUNDING YEAR:

2009

LOCATION:

India

Views:

497 VISITORS | 838 VIEWS
LATEST FUNDING ROUND

$122 M

TOTAL EMPLOYEES
201-500

About

MobiKwik is a mobile wallet app used for P2P Money Transfer and retail payments.MobiKwik is the way to recharge mobiles, pay bills and shop across merchants in India.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
Traction+
People+
Other+

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack