MobiKwik to invest $45 mn on merchant, user acquisition

MobiKwikDigital wallet MobiKwik, run by One Mobikwik Systems Pvt. Ltd, will invest Rs 300 crore (about $45 million) this year on acquiring merchants and users, as it looks to increase its share in the highly competitive payments market. Nearly Rs 50 crore is being invested to set up 13 offices and hire over 1,000 employees, […]

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Zappfresh hires ex-Mobikwik executive Ankur Shrivastava as CTO

Chief-Technology-Officer,-ZappFresh,-Ankur-ShrivastavaGurgaon-based DSM Fresh Foods Pvt. Ltd, which runs online startup Zappfresh that sells raw meat and associated ready-to-eat produce, has appointed ex-Mobikwik executive Ankur Shrivastava as its chief technology officer (CTO). At Zappfresh, Shrivastava will be responsible for inventing technology and processes for farm-tech which will help connect farmers, vendors and retail channels, the company […]

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MobiKwik offers ‘profit’ to pique interest among wallet users

MobiKwikDigital wallet company MobiKwik, which last year missed the bus for a payments bank licence, has hurled a googly at its biggest rival Paytm by announcing an “annual profit” for its wallet users. Gurgaon-based One MobiKwik Systems Pvt Ltd, which has about 30 million wallet users and expects to increase this to 70 million users […]

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MobiKwik gets $50M from Japan’ GMO, Taiwan’s MediaTek, others

MobiKwikGurgaon-based One MobiKwik Systems Pvt Ltd, which runs online recharge platform and mobile wallet venture MobiKwik, has raised $50 million in its Series C round led by Japan’s GMO Payment Gateway and Taiwanese semiconductor company MediaTek. Existing investors Sequoia Capital and Tree Line Asia also participated in this round, MobiKwik said in a statement. The […]

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MobiKwik elevates Mrinal Sinha as COO

Mobile payments company One MobiKwik Systems Pvt Ltd has elevated its chief sales officer Mrinal Sinha to the post of COO and roped in Manish Chaturvedi from American Express as his replacement, it said on Wednesday. Chaturvedi will be responsible for driving acceptance of MobiKwik wallet across formats and industries besides managing key initiatives with […]

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Online recharge and mobile wallet app MobiKwik targets $700M GTV in 2015-16, profits by 2016-17

One MobiKwik Systems Pvt Ltd, which runs online recharge platform and mobile wallet venture MobiKwik.com, is gunning for a nearly four-fold jump in gross transaction value to $700 million (Rs 4,270 crore) this year. “We don’t have the audited numbers right now, but I can tell you that we have crossed the 2014-15 target of […]

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Online recharge & mobile wallet MobiKwik raises $25M from Tree Line, others

Gurgaon-based One MobiKwik Systems Pvt Ltd, which runs online recharge platform and mobile wallet venture MobiKwik, has raised $25 million (over Rs 150 crore) in Series B round of funding led by Tree Line Asia, it said on Wednesday. Cisco Investments, American Express and existing investor Sequoia Capital, also participated in the round. The firm […]

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