MobiKwik looks to become profitable this year
Digital payments and financial services startup MobiKwik said its revenue grew by 133% year-on-year to ₹379 crore in 2019-20. It also reduced its Ebitda loss by 60% to ₹45 crore in FY20.The startup aims to become profitable by the end of FY21.
“We have grown our revenue 100% year on year and reduced our (cash) burn significantly. This March was our best month ever, where we clocked revenues of ₹38 crore and our burn was merely ₹8 lakh," said Upasana Taku, co-founder, MobiKwik