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fintech

Mobikwik turns profitable, expects to almost double revenue to Rs 1,000 cr this fiscal

PTI -
The company closed the 2022-23 financial year with a 39 per cent net revenue growth at Rs 560 crore New Delhi: Fintech platform Mobikwik turned profitable in the March quarter and expects to almost double revenue to over Rs 1,000...
In Focus

2023 could be heavy on IPOs by retail firms

Abhisar Narula -
These companies from the retail ecosystem are likely going to make their debut on the Indian stock markets in 2023 New Delhi: Retail in India is growing at an exciting pace and many companies in the retail ecosystem are turning...
Latest News

MobiKwik turns the lever, readies to raise Rs. 1,900 crores through IPO

Yash Bhatia -
Following suit of the ongoing trend, One MobiKwik Systems Pvt. Ltd prepares to open its IPO for sale and raise Rs. 1,900 crores through the initial release. As per reports, the company has filed preliminary papers with the Securities...
Retail

BSNL launches mobile wallet developed by MobiKwik

IANS -
State-run Bharat Sanchar Nigam Limited (BSNL) on Thursday launched a mobile wallet that would enable its existing 100 million customers to make bill payments and transact on e-commerce platforms. The wallet has been developed and issued by MobiKwik on behalf...
Retail

SoftBank secures crucial nod from Nexus for sale of Snapdeal to Flipkart

Indiaretailing Bureau -
Japan's SoftBank has secured the crucial nod from co-investor Nexus Venture Partners (NVP) for sale of Snapdeal to India's largest e-commerce firm, Flipkart, sources told PTI. According to a PTI report: SoftBank -- the largest shareholder in Snapdeal -- had...
Retail

Softbank closer to bringing Nexus on board for Snapdeal sale

Indiaretailing Bureau -
Japan's SoftBank is believed to have moved a step closer to securing the consent of co- investor Nexus Venture Partners (NVP) for selling Snapdeal to India's largest e-commerce firm Flipkart. A meeting was held on Wednesday and the impasse over...
Who’s Who

Upasana Taku, Co-founder and Director, Mobikwik

Indiaretailing Bureau -
Upasana Taku Co-founder and Director Mobikwik Upasana Taku is the Co-founder and Director of Mobikwik, India’s fastest growing mobile wallet. Upasana’s mission is to simplify payment acceptance for Indian merchants/retailers. Her focus is on taking the MobiKwik Wallet to millions of retailers, bank...
Retail

Snapdeal board meeting to discuss selling out to Flipkart

Indiaretailing Bureau -
The board of Snapdeal is expected to meet on Tuesday to discuss the potential sale of India's third largest e-commerce firm to larger rival Flipkart. Also, on the agenda will be getting Nexus Venture Partners (NVP), an early investor in...
Food

MobiKwik ties up with dairy firm Verka to facilitate cashless payments

Indiaretailing Bureau -
Mobile wallet player MobiKwik has tied up with dairy firm Verka to facilitate cashless payments at 525 retail outlets across Punjab. Punjab-based Verka, is the flagship brand of the Punjab State Cooperative Milk Producers' Federation Ltd popularly known as MILKFED. "The...
Retail

MobiKwik to invest Rs 300 cr to treble user base

IANS -
Domestic mobile wallet major MobiKwik on Thursday announced it will invest Rs 300 crore to treble its user base from the current 50 million to 150 million in 2017. The increase in user base will also catapult MobiKwik's annual gross...
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Food & BeverageIndiaretailing Bureau -

Curtain Raiser: India Food Forum 2023

More than 300 speakers, 700 brands and companies convene at the biggest B2B food intelligence event of the year....
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