IPO-bound MobiKwik raises $5 Mn; valuation touches $500 Mn mark


Content Team
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Digital payments platform MobiKwik has raised $5 million or Rs 40 crore from a clutch of investors, regulatory filings show. With this, the Gurugram-based company has raised $12 million in the past three weeks with $7.2 million raised in March. The IPO-bound company has approved the allotment of 32,104 preference shares at a face value of Rs 100 per share and a premium of Rs 12,350 per share to raise the sum.