Stake sale · Financial Services

Peak XV fully exits MobiKwik via block deal

By Startup Enthusiast · 21 April 2026

What they do

MobiKwik is a digital payments company offering mobile recharges, bill payments and a digital wallet

Peak XV sold its entire 7.89% stake in MobiKwik for ₹130 crore through a block deal on the stock exchange

The exit comes as MobiKwik turned profitable in Q3 FY26 and received an NBFC licence from the RBI

Peak XV Partners fully exited its investment in MobiKwik through a block deal (a large sale of shares arranged privately on the stock exchange).
The block deal was valued at ₹130 crore (about $13.8 million).
Peak XV sold 62.15 lakh shares at ₹214 apiece, representing a 7.89% stake in the company.
Buyers included Florintree Advisors, Viridian Asset Management, Dymon Asia and Karma Capital.
Peak XV fully exited MobiKwik via a block deal, with buyers including Florintree Advisors, Viridian Asset Management, Dymon Asia, and Karma Capital.
After the IPO, Peak XV had already offloaded shares worth ₹81.63 crore.
MobiKwik also received an NBFC licence (non-banking financial company licence) from the RBI on 27 April 2026.
The company turned profitable in Q3 FY26 (December 2025 quarter) with a net profit of ₹4 crore.

Peak XV's full exit signals a complete return on its decade-long investment in the fintech company.
The exit comes as MobiKwik's stock hit an all-time low of ₹151.95 in March 2026 before recovering to ₹208.05 by April 21.
MobiKwik's profitability and NBFC licence may have attracted buyers despite the recent stock volatility.
Domestic AIFs (alternative investment funds) cut their stake by half in Q4 FY26, while FPIs (foreign portfolio investors) increased their holding by 33%.

MobiKwik is a digital payments platform that offers mobile recharge, DTH recharge, bill payments and a digital wallet.
The company also provides financial services through its subsidiaries, including stock broking and NBFC operations.
MobiKwik earns revenue from transaction fees, payment gateway services and financial products.
It operates primarily in India and competes with other fintech companies like Paytm and PhonePe.
The company went public in December 2024 on the BSE.

MobiKwik plans to use its NBFC licence to expand its lending and financial services business.
The company's stock broking subsidiary, MobiKwik Securities Broking Private Limited, has commenced operations.
MobiKwik may continue to diversify beyond payments into credit, investments and insurance.

Peak XV Partners (seller) — Peak XV is a venture capital firm that first invested in MobiKwik in 2013 and fully exited via this block deal.
Florintree Advisors (buyer) — Florintree Advisors is an investment firm that participated as a buyer in the block deal.
Viridian Asset Management (buyer) — Viridian Asset Management is an investment firm that participated as a buyer in the block deal.
Dymon Asia (buyer) — Dymon Asia is an investment firm that participated as a buyer in the block deal.
Karma Capital (buyer) — Karma Capital is an investment firm that participated as a buyer in the block deal.