Stake sale · Financial Services

MobiKwik co-founder buys more shares

By Startup Enthusiast · 30 September 2026

What they do

MobiKwik is a Gurugram-based fintech firm co-founded in 2009 by Upasana Taku and Bipin Preet Singh

Taku bought about 1.07 lakh shares for roughly ₹2.12 crore on 28 and 29 September, near ₹198-199 each

Her holding rose to 80.65 lakh shares; she says no promoter has sold since the IPO, and the price is below the ₹279 issue price

MobiKwik is a digital wallet and payments app for mobile and DTH (satellite TV) recharges, bill payments and money transfers.
It also sells credit and investment products to consumers, such as instant loans and savings returns, alongside credit card bill payments with cashback.
Its customers are everyday consumers (about 190 million registered users in March 2026) and merchants (about 4.9 million partners, online and in shops).
It earns money from fees on payments made through merchants and the app, and from commissions on loans and financial products it distributes.
The business is growing: yearly revenue rose about 34% to ₹1,192 crore in FY26, and payment volume grew 58% in the March 2026 quarter.
It is listed on the stock exchange since December 2024 and operates across India.