Peak XV-backed MobiKwik seeks to raise $84 million in India IPO

January 5, 2024 12:54 PM0


Indian financial services startup MobiKwik seeks to raise about $84.2 million in an initial public offering in the home market, it said in a draft prospectus filed with the local markets regulator Friday.

This is the second time MobiKwik has filed the paperwork for an IPO. The startup, backed by Peak XV and Abu Dhabi Investment Authority, initially sought to raise about $250 million through sale of new and existing shares in 2021, but deterred the plans after the market conditions worsened.

SBI Capital and DAM Capital are the lead book running managers for the IPO process, the prospectus said.

More to follow.

 


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