MobiKwik raised funding of Rs 52 Cr led by Hindustan Media Ventures, with participation from Infosys Co-founder Kris Gopalakrishnan’s family office Pratithi.
The fresh capital will be used to fuel growth in all key business segments of the firm, digital credit and cards, consumer payments, and payment gateway.
“The HT group and Kris coming on board is very exciting for us and is an endorsement in our business model of bringing Digital Credit to 100 Million Indians. We are on the road to IPO and look forward to their guidance on building a long lasting sustainable company and creating impact via Financial Inclusion." said Bipin Preet Singh, Co-founder and CEO at MobiKwik.