Mo­biKwik Raises 225 cr from Ba­jaj Fin

The Economic Times - - Front Page -

Mo­biKwik has raised .₹ 225 crore from Ba­jaj Fi­nance, of­fload­ing 10.83% stake. The deal val­ues the dig­i­tal pay­ments com­pany at .₹ 2,077 crore. Mo­biKwik is also in talks with a dif­fer­ent set of in­vestors to raise .₹ 75 crore. It has en­tered into a strate­gic al­liance with Ba­jaj Fi­nance to launch In­dia’s first debit and credit wal­let.

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