Mobikwik Injects Rs 10 Crore into Finserv Arm Amid Strategic Reshuffle

 

Digital payments platform Mobikwik is making a bold move to strengthen its financial services vertical by investing Rs 9.99 crore in its wholly owned subsidiary, Mobikwik Financial Services. The decision, approved by the company’s treasury committee, comes at a time when Mobikwik is navigating financial headwinds and restructuring its operational focus.

 

Key Highlights of the Investment

 

The capital infusion will be executed in one or more tranches, aimed at bolstering the subsidiary’s capabilities in leasing, hiring, and financing assets such as machinery, vehicles, and property

 

Mobikwik Financial Services was incorporated in April 2025 to consolidate and expand the company’s lending and asset financing operations

 

The move follows a significant decline in Mobikwik’s financial performance, with net loss widening to Rs 41.9 crore in Q1 FY26 from Rs 6.6 crore in the same period last year

 

Operating revenue dropped 20.7 percent year-on-year to Rs 271.3 crore, with financial services revenue plunging 65 percent

 

Market Dynamics and Shareholder Activity

 

The Abu Dhabi Investment Authority recently exited Mobikwik, selling its entire 2.1 percent stake for Rs 39.21 crore

 

BofA Securities Europe SA and SI Investments Broking acquired 9 lakh shares, signaling continued investor interest despite volatility

 

Mobikwik aims to stabilize its financial arm and regain momentum ahead of potential IPO plans

 

This strategic investment reflects Mobikwik’s intent to recalibrate its growth trajectory and reinforce its fintech footprint.

 

Sources: Economic Times, Storyboard18, Investing.com