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MobiKwik enters unicorn club; seeks IPO at $1.5 Bn – $1.7 Bn valuation

Shortpedia

Content Team
Image Credit: Mint

IPO-bound fintech MobiKwik has joined the $1 Bn club after a few of its employees exercised employee stock option plans (ESOPs). The secondary round was led by former Blackstone India head Mathew Cyriac. n September, the startup had announced that it had reserved 4.5 Mn equity shares, or 7% of the fully diluted outstanding shares, under its ESOP pool.