India's MobiKwik surges 82% in market debut | TechCrunch
In Brief
Posted:
9:02 PM PST · December 17, 2024
Image Credits:Peak XV
Shares of digital payments firm MobiKwik surged 82% to ₹507.5 ($6) on their first day of trading as
The Indian fintech’s $69 million IPO comes amid fierce competition from larger rivals, and it pushes MobiKwik’s market value to $464 million, well above its initial target of $250 million. This remains substantially lower than the $924 million valuation the startup commanded during a private fundraising in 2021.
The Gurugram-ba...
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