The Ledger
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MobiKwik Lost a Signed $60 Million Funding Deal to COVID-19
“Interestingly, we had four term sheets just before COVID had started in March... So it was I think total of about 50, sixty million dollars. And one of them actually, it was not just a term sheet. It was actually a signed shareholder agreement, SHA. So the agr…”
MobiKwik Achieved PAT Profitability in Late FY22
“In fact, in the quarter of December, 21, we became back profitable for the first time. Which we have maintained then again in the March quarter, which just ended and Jan to March 20, 22.”
Momoe Pioneered Offline Mobile Payments in India Before Paytm
“Momo was in, in one of the first mobile apps that enabled mobile payments at real world restaurants, retail stores, and so on. At that time, even the Paytm's and the Mobyquicks, which were the big guys were doing you know, utility bill payments and recharges. …”
MobiKwik Delayed Its 2021 IPO After Missing the Market Peak
“We didn't actually go public last year in that towards the end of sort of October, November you know, the market is already peaked. So I guess we got a bit late, about maybe at least a month late. We should have gone earlier. But by that time, the market had s…”
Digital Credit Drives 35% of MobiKwik's Overall Business
“And that business has grown significantly from zero to almost now, 30 to 35% of our overall business Comes from credit.”
MobiKwik's Revenue Reached 540 Crore in FY22, Driven by BNPL
“In fact, in FYI, our revenue was 300 crores which grew to, in FYI, grew to 540 crores. So almost like a 86% kind of a growth. And within that, our flagship consumer payments business grew 144%. Which is all, which is already, you know, at a very big scale. And…”