MobiKwik joined the Unicorn Club on Oct 12, 2021 after achieving unicorn status as a leading digital payments platform in India. Headquartered in Gurugram, Haryana, India, MobiKwik provides an online mobile recharge and bill payment service along with digital wallet features to facilitate payments and financial services.
The platform enables users to recharge mobile phones and DTH services, pay utility bills, and make digital payments conveniently through its app and wallet system.
Keep reading to learn how MobiKwik grew through funding, innovation, and strategic investments.
What Is MobiKwik and What Does It Do?
Founded in 2009, MobiKwik is a digital payments platform that offers mobile and DTH recharge services, utility bill payments, wallet services, and financial products. The platform focuses on providing convenient and accessible digital payment options for consumers and merchants.
MobiKwik integrates payment processing, wallet features, and expanded fintech services to support seamless digital transactions, financial inclusion, and broad merchant adoption across India.
How Much Funding Has MobiKwik Raised?
1. Series A Round
- Amount Raised: $5 million
- Date: 2012
- Lead Investors: Sequoia Capital India
- Purpose: Platform development and early scaling
2. Series B Round
- Amount Raised: $25 million
- Date: 2014
- Lead Investors: Tree Line Asia, Sequoia Capital India
- Purpose: Expand product features and market reach
3. Series C Round
- Amount Raised: $50 million
- Date: 2016
- Lead Investors: Strategic investors including Bajaj Finance and others
- Purpose: Grow payment products and ecosystem
4. Series E Round
- Amount Raised: $20 million
- Date: 2021
- Lead Investors: Abu Dhabi Investment Authority (ADIA) and others
- Purpose: Strengthen financial position and support growth
5. Convertible/Strategic Round
- Amount Raised: $13.3 million
- Date: December 2021
- Lead Investors: Strategic partners including Bennett Coleman and Company
- Purpose: Secondary market transaction and strategic backing
6. Debt Financing Round (Aug 2022)
- Amount Raised: ₹55 million (approx $0.7M)
- Date: August 2022
- Lead Investors: BlackSoil Capital and others
- Purpose: Support business operations and growth
7. Debt Financing Round (Mar 2024)
- Amount Raised: ₹500 million (approx $6M)
- Date: March 28, 2024
- Lead Investors: BlackSoil Group
- Purpose: Bolster financial position ahead of IPO and ongoing growth
8. IPO / Public Listing
- Amount Raised: $67.3 million
- Date: December 2024
- Purpose: Public market funding and company growth
Total Funding Raised: Approximately $284 million Latest Funding Date: December 2024 Latest Known Valuation: Listed publicly (valuation at IPO reflected market pricing) Employee Count: 1,576 as of Jul 31, 2025
Key Investors
- American Express Ventures
- Details: Strategic venture arm of American Express supporting fintech innovation
- Focus Areas: Digital payments, consumer financial services, and technology platforms
- Abu Dhabi Investment Authority (ADIA)
- Details: Sovereign wealth fund backing high‑growth technology companies
- Focus Areas: Long‑term investments in fintech, digital financial services, and scalable platforms
- Sequoia Capital India
- Details: Venture capital firm investing in early and growth stage tech companies
- Focus Areas: Fintech, consumer internet, and payments platforms
- Tree Line Asia
- Details: Growth capital firm investing in emerging technology companies
- Focus Areas: Internet platforms, fintech, and digital services
- BlackSoil Capital
- Details: Alternative investment firm providing credit and growth capital
- Focus Areas: Debt financing for growth‑oriented companies
Where Is MobiKwik’s Headquarters?
MobiKwik is headquartered in Gurugram, Haryana, India, serving as its core hub for platform development, operations, and strategic growth initiatives.
What’s Next for MobiKwik?
MobiKwik plans to expand its financial services offerings, enhance digital payment experiences, and grow its user base post‑IPO. The company is focused on product innovation, expanding merchant partnerships, and deepening adoption of its mobile wallet, payment gateway, and fintech services across India.
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