Mobikwik Unlisted Shares
Digital wallet company
MobiKwik is an Indian digital payment company, founded in 2009 that provides a mobile phone based payment system and digital wallet. Customers add money to an online wallet that can be used for payments.
Incorporated in 2009, Mobikwik is a technology driven Fintech company and is among one of the largest mobile wallets (MobiKwik Wallet) and Buy Now Pay Later (BNPL) players in India.
Company's business operations are divided into three major segments:
BNPL - Consisting of MobiKwik Zip and Zip EMI which provides accessible and affordable small-ticket credit to middle-class Indians for daily payments as well as discretionary spending.
Consumer Payments - Consisting of MobiKwik Wallet which is a mobile payments app.
Payment Gateway - which includes Zaakpay, a payment gateway aggregator offering end-to-end payment solutions to online merchants.
The company is focussing on the fast-growing online payments market of India by providing everyday mobile payments and benefits of Buy Now Pay Later (BNPL) offerings. As of March 31, 2021, Mobikwik has over 101.37 million registered users and more than 3.44 million e-commerce, physical retail, and biller partners.
Bipin Preet Singh Managing Director
Upasana Rupkrishan Taku Director
Dhruv Chopra Nominee Director
Category of shareholder Holding (in %)
Founders 34.52 Investors 14.18 Others 51.3 Total Outstanding 100
Strong synergy across business network benefiting all the parties.
Organic addition of majority of the users with low customer acquisition cost (CAC).
Strong consumer brand recognition and recall across the country.
Technology-powered, Innovation driven company.