Latest news with #Mobikwik
Time of India
30-06-2025
- Business
- Time of India
Mobikwik elevates Saurabh Dwivedi to CTO, Dhruv Wadhera to SVP
Academy Empower your mind, elevate your skills Fintech firm One Mobikwik Systems announced two key senior-level promotions on Monday. Saurabh Dwivedi has been appointed chief technology officer (CTO), while Dhruv Wadhera has been promoted to senior vice president (SVP) of offline payments, according to a recent exchange his new role, Dwivedi will lead engineering across four key areas: payments, financial services, core platform, and infrastructure and information security. He joined Mobikwik in August 2023 as SVP of engineering for the payments division. Bringing over 20 years of experience, he has previously served as VP of engineering at MakeMyTrip."I am honoured to take on this expanded role and excited to shape our AI-powered technology vision,' said Dwivedi. 'My focus will be on building a unified yet flexible infrastructure that serves diverse businesses at different stages of maturity, while maintaining reliability and innovation for our users.'Wadhera, with 20 years of experience under his belt, has been heading Mobikwik's offline payments business since June 2023, driving its expansion across the country. Before joining Mobikwik, he worked as VP and sales director at Zomato 'Both Saurabh and Dhruv have demonstrated the acumen to serve our users with excellence, build with foresight and lead with integrity,' said Bipin Preet Singh, cofounder, MD and CEO of in 2009 by Singh and Upasana Taku, Mobikwik currently serves more than 176.4 million registered users and over 4.6 million merchants across the March quarter, the company posted a consolidated net loss of Rs 55 crore, compared to Rs 52.3 crore in the December quarter. Operating revenue stood at Rs 265 crore, almost flat against Rs 268 crore in the previous quarter.
Mint
26-06-2025
- Business
- Mint
One Mobikwik Systems share price rallies 15% on large block deal. Do you own?
One Mobikwik Systems share price surged as much as 14.96 per cent on the NSE in Thursday's trading session after a block deal took place on the counter on Thursday, June 26. According to media reports, 8.98 per cent equity—valued at ₹ 168 crore—of One Mobikwik Systems changed hands today. One MobiKwik Systems share opened initially in the red at ₹ 230.70 apiece on June 26, as compared to the previous close of ₹ 245.55. However, the stock climbed more than 14 per cent, touching an intraday high of ₹ 282.30. While the final details of the buyers and the sellers could not be determined immediately, and will be available once the exchanges release the bulk and block deal data for the day, media reports suggested a stake sale by Net1 Applied Technologies Netherlands BV. Net1 Applied Technologies Netherlands BV, a subsidiary of South Africa's Net1 UEPS Technologies, was planning to sell approximately an 8 per cent stake in the company, as per reports. The block deal was likely to be offered at a discount of up to 8.4 per cent from the stock's previous closing price, suggesting an effort to trim its investment in the firm. As per Moneycontrol, Net 1 Applied Technologies invested $40 million (approximately ₹ 268 crore) in Mobikwik in 2016 as part of a strategic collaboration that included integrating its virtual card technology with the Indian digital payments platform. Mobikwik had a strong stock market debut in December 2024, listing at a 58% premium over its IPO price of ₹ 279. However, the stock has since declined by more than 60% from its post-listing high of ₹ 698. The mandatory six-month lock-in period for pre-IPO investors expired on June 18. MobiKwik's net loss expanded significantly in the March quarter, reaching ₹ 56 crore, compared to a loss of just ₹ 67 lakh in the same period last year. The company's revenue saw a modest year-on-year increase of 2.6%, while its Payments Gross Merchandise Value (GMV) surged 2.3 times from the corresponding quarter a year ago. Despite the growth in GMV, MobiKwik reported an EBITDA loss of ₹ 45.8 crore, primarily due to reduced contribution margins.
Mint
26-06-2025
- Business
- Mint
One Mobikwik Systems share price rallies 10% on large block deal. Do you own?
One Mobikwik Systems share price surged as much as 10.47 per cent to ₹ 271.25 on NSE in Thursday's trading session after a block deal worth 8.98 per cent equity—valued at ₹ 168 crore—took place on Thursday, June 26. One MobiKwik Systems shares opened initially in red at ₹ 230.70 apiece on June 26, as compared to previous close of ₹ 245.55. However, the stock climbed more than 10 per cent, touching an intraday high to ₹ 281.15 at 11:15 am. According to media reports, Net1 Applied Technologies Netherlands BV, a subsidiary of South Africa's Net1 UEPS Technologies, was planning to sell approximately 8 percent of its stake in the company. The block deal was likely to be offered at a discount of up to 8.4 percent from the stock's previous closing price, suggesting an effort to trim its investment in the firm. As per Moneycontrol report, Net 1 Applied Technologies invested $40 million (approximately ₹ 268 crore) in Mobikwik in 2016 as part of a strategic collaboration that included integrating its virtual card technology with the Indian digital payments platform. Mobikwik had a strong stock market debut in December 2024, listing at a 58% premium over its IPO price of ₹ 279. However, the stock has since declined by more than 60% from its post-listing high of ₹ 698. The mandatory six-month lock-in period for pre-IPO investors expired on June 18. MobiKwik's net loss expanded significantly in the March quarter, reaching ₹ 56 crore, compared to a loss of just ₹ 67 lakh in the same period last year. The company's revenue saw a modest year-on-year increase of 2.6%, while its Payments Gross Merchandise Value (GMV) surged 2.3 times from the corresponding quarter a year ago. Despite the growth in GMV, MobiKwik reported an EBITDA loss of ₹ 45.8 crore, primarily due to reduced contribution margins. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
26-06-2025
- Business
- Mint
How do you link your RuPay card with UPI? A step-by-step guide
Do you use any of the popular UPI services such as BHIM, Google Pay, PhonePe or Paytm and are accustomed to using credit cards at the same time? Well, you can literally have the best of both worlds. You can do this simply by linking your credit card to the UPI service. If you do this, you can make a payment through any of these online payment platforms, but the transaction is routed through a credit card. What are its advantages? First, you can avoid your bank account getting debited then and there at the time of making the payment. Second, your bank statement will not record all the sundry transactions which you carried out through UPI service. It will only record the credit card bill payment. I. You can make payment through UPI wallet without routing the transaction through your bank account. II. Your bank statement remains clear and doesn't show any UPI transaction unlike in other cases where all sundry transactions clutter the statement. There are cases where a one month bank statement runs into dozens of pages. III. This is a secure way to transfer money. Follow these simple steps to link your RuPay Credit Card with UPI. 1. First of all, you can download the BHIM/ PhonePe/ Paytm/ Mobikwik app from Google Play store or App store. 2. Now it is required to complete the registration journey. 3. After this, you can select your bank from the drop-down list 4. Following this, select the RuPay Credit Card which you want to link from all the credit cards associated with your mobile number 5. Finally, you can proceed to generate UPI PIN So, if you are also planning to link your card to UPI service, it is a good idea. Almost all major banks issue UPI linked RuPay credit cards. Here we list out some of them: Axis Bank, BOB Card, CSB Bank, HDFC Bank, ICICI Bank, IDFC Bank, IndusInd Bank, Kotak Mahindra Bank, PNB, RBL Bank and SBI Card, among others. Disclaimer: Mint has a tie-up with fintechs for providing credit, you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit score. Mint does not promote or encourage taking credit as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit. For all personal finance updates, visit here
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Business Standard
26-06-2025
- Business
- Business Standard
Mobikwik volatile amid large trade; 2.09 million shares change hands on BSE
Mobikwik shares slipped 6.2 per cent in trade on June 26, 2025, logging an intraday low at ₹230.65 per share on BSE amid heavy volumes. On BSE, at 9:27 AM, 2.09 million shares changed hands while, on the National Stock Exchange (NSE), 12.9 million shares were traded. Around the same time, Mobikwik share price was trading 1.69 per cent lower at ₹241.85 per share on the BSE. In comparison, the BSE Sensex was up 0.31 per cent at 83,014.16. The company's market capitalisation stood at ₹1,884.67 crore. Its 52-week high was at ₹698.3 per share and 52-week low was at ₹226.85 per share. However, at 9:43 AM, the stock reversed losses and was up 1.93 per cent at ₹250.75 per share. Mobikwik block deal details According to data compiled by Bloomberg, 6.8 million shares which translates to 8.8 per cent equity, changed hands on NSE in a single block trade. However, buyers and sellers of the transactions were not identified. Reports had suggested that Net 1 Applied Technologies Netherlands BV was likely to sell its entire 8 per cent stake in Mobikwik through block deals. Apart from, Net 1 Applied Technologies Netherlands BV, foreign investors in Mobikwik, as of March quarter 2025, are American Express Travel Related Services Company, Inc which held a 1.34 per cent stake, Cisco Systems (Usa) Pte Ltd (1.55 per cent), Abu Dhabi Investment Authority (2.14 per cent), Tree Line Asia Master Fund (Singapore) Pte Ltd (2,98 per cent) and Peak XV Partners Investments IV (9.98 per cent). Mobikwik Q4 results 2025 Fintech firm MobiKwik reported a wider consolidated loss of ₹56.03 crore in the fourth quarter of the financial year 2024-25 (Q4FY25), compared to R₹67 lakh in Q4FY24. The company's loss rose from ₹55.2 crore in Q3FY25. For the full FY25, the Gurugram-based company recorded a loss of ₹121.5 crore, as compared to a profit of ₹14 crore in FY24. MobiKwik's revenue from operations grew by 1.43 per cent to ₹267.78 crore in Q4FY25 from ₹264.98 crore in Q4FY24. Sequentially, operational revenue slipped marginally by 0.6 per cent from ₹269.47 crore in Q3FY25. Mobikwik listing One Mobikwik Systems shares were listed on December 18, 2024, at ₹442.25 apiece on the BSE, reflecting a premium of 58.51 per cent over the IPO allotment price of ₹279. On NSE, Mobikwik shares listed at ₹440, reflecting a slightly lower premium of 57.70 per cent per share against the issue price.
