Mobikwik Seeks Unicorn Valuation After IPO In September

Mobikwik Seeks Unicorn Valuation After IPO In September

SUMMARY

Mobikwik also plans to raise a pre-IPO round at a valuation of about $700 Mn

The company elevated senior VP Chandan Joshi to cofounder last September

Even rival PhonePe and Paytm are looking to go public before 2023

Gurugram-based digital payments company Mobikwik’s plans to go for an initial public offering (IPO) by September 2021 has started gaining some momentum, as it is planning to file the IPO prospects by May this year. The company reportedly plans to raise $200 Mn to $250 Mn at a valuation of $1 Bn with this initial offer.

Mobikwik also intends to raise a pre-IPO round at a valuation of about $700 Mn. According to a Bloomberg report citing people close to the company, deliberations between Mobikwik and investors are ongoing and details such as the size and the timing of the fundraise could change.

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