Mobikwik Unlisted Share

Mobikwik (One Mobikwik Systems Ltd)
INE0HLU01028
Listing Status: Now Listed

About Mobikwik Unlisted Share
Overview of Mobikwik Unlisted Share
Timeline of Mobikwik Unlisted Share
2008 : Mobikwik was incorporated
2009 : Mobikwik Started payment wallet operations
2010 : Incorporation of Zaak epayments services for payment gateway
2015 : Launched MobiKwik wallet as a payment option for organized and un-organized retail stores
2019 : Launched BNPL and received authorisation to operate as Bharat Bill Payment Operating Unit
2020 : Launched MobiKwik Blue American Express Card in partnership with American Express
2022 : Mobikwik entered into partnership with VISA to launch a prepaid card
Key Stats at a glance
Management
Bipin Preet Singh - Founder & CEO
· BTech from IIT Delhi
· Ex-Intel, Ex-Nvidia, Ex-Freescale Semiconductors
Upasana Taku – Co-founder & COO
· BTech from NIT Jalandhar & MSc from Stanford University
· Ex-HSBC, Ex-PayPal
Mobikwik total addressable market
MobiKwik primarily caters to diverse set of middle-income consumers which is categorized into three subsegments. Beyond this, MobiKwik extends its reach to an additional 200 million customers who have the potential to become relevant and bankable customers. This multifaceted approach positions MobiKwik as a comprehensive financial services provider, offering tailored solutions to diverse segments of the Indian adult population.
Product Portfolio
Mobikwik provides access to various payment use cases as well as financial products in the Digital Credit, investments, and insurance verticals.
Payment Services Products:
· Recharge and bill payments
· Payments at online e-commerce merchant, organised retail and fuel pumps
· Transferring money to any other phone number, contact, UPI ID or bank account
Digital Credit products:
· MobiKwik ZIP: Pay-later product with a 30-day interest free credit line
· ZIP EMI: Personal loan that is required to be repaid in instalments.
Investment Products:
· Lens: Personal financial management
· Xtra: Alternative Investment product
· Distribution of Mutual funds and Digital Gold
Other Services:
· Online checkout for e-commerce merchant
· Scan and pay with Kwik QRs
· MobiKwik Vibe (Soundbox)
· MobiKwik EDC Machine
· Merchant Cash Advance
Funding details of Mobikwik Unlisted Share
MobiKwik has raised a total funding of $269M over 22 rounds.
Date |
Money Raised |
Lead Investor |
June, 2013 |
$5 M |
Peak XV Partners |
Feb, 2015 |
$25 M |
Peak XV Partners, Tree Line, Cisco, American Express |
April, 2016 |
$50 M |
Peak XV Partners, Tree Line, Cisco, NETI, Mediatek |
Aug, 2017 |
$35.2 M |
Bajaj Finserv |
March, 2020 |
$30 M |
Bajaj Finserv, Hindustan Times, Pratithi Capital |
June, 2021 |
$20 M |
Abu Dhabi Investment Authority, Sparkle Fund |
Dec, 2021 |
$14 M |
Bennett, Coleman |
Jan, 2023 |
$553 K |
BlackSoil |
Insights of Mobikwik Unlisted Share
Financial Insights
(All figures in crores)
Particulars |
FY-23 |
FY-22 |
Growth |
Total Income |
561 |
543 |
3% |
EBITDA |
(56) |
(115) |
51% |
EBITDA Margins |
(10%) |
(21%) |
|
PAT |
(84) |
(128) |
|
PAT Margins |
(15%) |
(23.5%) |
|
EPS |
(14.66) |
(23.04) |
|
Net worth |
142 |
216 |
|
Total Income increased by 3% primarily due to an increase in revenue from operations from financial services in Fiscal 2023, which was partially offset by a decrease in revenue from operations from payment services. EBITDA margins and PAT margins also improved significantly.
Revenue Split
(All Figures in crores)
Particulars |
FY-23 |
FY-22 |
Growth |
Financial Services |
285 |
98 |
191.86% |
Payment Services |
254 |
429 |
-40.68% |
Other Income |
22 |
17 |
30% |
· Mobikwik experienced overall growth in total income, driven by a significant increase in revenue from financial services.
· Mobikwik witnessed a growth of 191% in financial services due to increased focus on distribution of financial services (primarily through MobiKwik ZIP and ZIP EMI products)
· The decline in revenue from payment services was primarily on account of modes of payments skewing towards lower payment processing cost modes, as well as the suspension of their payment gateway business in FY-23.
· Other income also saw a substantial increase due to higher interest income from bank deposits.
Key Performance Indicators