
Mobikwik announced that it has raised INR 225 Crore from Bajaj Finance through the sale of 10.83 percent equity in the company.
Bajaj Finance Ltd gave information to exchange that under the subscription agreement with One Mobikwik Systems Pvt Ltd it will acquire 10 equity shares and 271,050 compulsory convertible preference shares (CCPS), however closure of the deal depends on certain preconditions.
Excited to announce landmark partnership b/w @MobiKwik and @Bajaj_Finserv ! A new day in fintech! pic.twitter.com/D8xxT2mTfP— Bipin Preet Singh (@BipinSingh) August 2, 2017
India: Bajaj Finance picks up stake in mobile payments firm MobiKwik for $35m https://t.co/ts90OenYhf pic.twitter.com/Lti5CI4yXk— DealStreetAsia (@DealStreetAsia) August 3, 2017
#CNBCTV18Exclusive | MobiKwik Founder & CEO Bipin Preet Singh Says App Can Be Used To Provide Insurance Related Services As Well pic.twitter.com/w8id8txn9x— CNBC-TV18 (@CNBCTV18Live) August 3, 2017
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