MobiKwik gets $50 mn investment from strategic investors

MobiKwik-raises (IANS) Mobile payments network MobiKwik on Tuesday said it had received $50 million investment from Japan’s payment gateway GMO and semiconductor company Mediatek.

The latest round of funding will be used for rapid product innovation, ramping up the team and user growth, MobiKwik said in a statement here.

“We are very excited to live up to the investors’ expectations and raise the funding,” MobiKwik Founder and CEO Bipin Preet Singh said.

MobiKwik’s existing investors include Sequoia Capital and Treeline Asia.

MobiKwik’s GMV (gross merchandise value) has grown by 250 percent year on year for the last four years, the company said.

Connect with us



© 2012 - 2016 VIL Media Pvt Ltd. All rights reserved,
Contents of v6news.tv are copyright protected.Copy and/or reproduction and/or re-use of contents or any part thereof,
without consent of VIL Media is illegal.Such persons will be prosecuted.