Shares of digital payments firm MobiKwik surged 82% to ₹507.5 ($6) on their first day of trading as The Indian fintech’s $69 million IPO comes amid fierce competition from larger rivals, and it pushes MobiKwik’s market value to $464 million, well above its initial target of $250 million. This remains substantially lower than the $924 […]

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MobiKwik, an Indian financial services startup, has cut the size of its planned IPO for the third time, setting a price band of ₹265 to ₹279 ($3.1 to $3.3) that values it at $250 million — down sharply from its last private valuation of $924 million in 2021. The Gurugram-based fintech, backed by Peak XV […]

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