MobiKwik’s Revenue Surges 62%, Achieves Profitability Ahead of IPO - Funding Raised

MobiKwik’s Revenue Surges 62%, Achieves Profitability Ahead of IPO

MobiKwik bounced back in FY24 with a 62% revenue jump to Rs 875 crore and achieved profitability after an Rs 84 crore loss in FY23. The fintech’s strong performance, driven by increased lending and payment gateway growth, enhances its IPO prospects. Total costs also rose by 36.4% during the period.

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