MobiKwik valued at $700 Mn after $20 Mn round from Abu Dhabi Investment Authority
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Gurugram-based payments and financial services startup MobiKwik has raised $20 Mn from the United Arab Emirates (UAE) sovereign wealth fund Abu Dhabi Investment Authority. The ADIA has picked up a minority stake in the fintech company, which is now valued at $700 Mn. The company plans to raise $200 Mn to $250 Mn at a valuation of $1 Bn with its public offering in 2022