Indian native financial services firm MobiKwik seeks raise $255 million on the inside IPO

Gurgaon-based mobile wallet service tone MobiKwik plans to raise as many as $255 million in an 1st public offering, becoming currently Indian startup to explore the common markets.

And the 12-year-old firm, which gives you Sequoia Capital India yet Abu Dhabi Investment Recognition among its investors possesses raised about $250 somme to date, is targeting a functional valuation of about $1 billion within your IPO, according to two people aware of the matter.

MobiKwik said its total cash flow for the year that led to March 2021 was about $30. 5 million, down 18%, while its loss also shrank 12% to $14. some million during the period.

MobiKwik’s move comes as a handful of Indian startups including Zomato while Paytm are working to opt in list on stock exchanges.

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