MobiKwik is looking at raising over $100 million from investors this year to fuel its expansion. Photo: Priyanka Parashar/MintNew Delhi: Mobile wallet company MobiKwik is looking at raising over $100 million from investors this year to fuel its expansion. MobiKwik recently inked an agreement with Bajaj Finance under which the latter invested Rs225 crore (about $35 million) in the digital payments company for a 10.83% stake. “We had said that we plan to raise about $150 million and this investment (from Bajaj Finance) is the first tranche. We are in talks with private equity and venture capitalists to raise over $100 million,” MobiKwik Co-Founder Upasana Taku told PTI.

Source: Mint August 06, 2017 09:22 UTC