{"id":646102,"date":"2024-12-06T10:00:37","date_gmt":"2024-12-06T07:00:37","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/mobikwik-downsizes-its-ipo-for-the-third-time\/"},"modified":"2024-12-06T10:00:37","modified_gmt":"2024-12-06T07:00:37","slug":"mobikwik-downsizes-its-ipo-for-the-third-time","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/mobikwik-downsizes-its-ipo-for-the-third-time\/","title":{"rendered":"#MobiKwik downsizes its IPO for the third time"},"content":{"rendered":"<div>\n<p id=\"speakable-summary\" class=\"wp-block-paragraph\">MobiKwik, an Indian financial services startup, has cut the size of its planned IPO for the third time, setting a price band of \u20b9265-\u20b9279 ($3.1-$3.3) that values it at $250 million \u2014 down sharply from its last private valuation  of $924 million in 2021.<\/p>\n<p class=\"wp-block-paragraph\">The Gurugram-based fintech, backed by Peak XV and ADIA, is seeking to raise about $69 million in the IPO, well below the $255 million it initially targeted back in 2021. The IPO opens on December 11, and the stock will start trading on December 18.<\/p>\n<p class=\"wp-block-paragraph\">The 15-year-old startup operates one of the most widely used mobile wallet <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>s in India. But it has struggled to maintain relevance after a government-backed protocol, UPI, saw broader adoption. The company has raised more than $268 million to date.<\/p>\n<p class=\"wp-block-paragraph\">MobiKwik says it will use the proceeds from the IPO to fund its growth and to invest in AI. The startup serves  161 million users and 4.26 million merchants.<\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/category\/technology\/\" target=\"_blank\" >Technology<\/a><\/span> category.<\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/techcrunch.com\/2024\/12\/05\/mobikwik-slashes-valuation-by-73-in-india-ipo\/\" target=\"_blank\" >Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MobiKwik, an Indian financial services startup, has cut the size of its planned IPO for the third time, setting a price band of \u20b9265-\u20b9279 ($3.1-$3.3) that values it at $250 million \u2014 down sharply from its last private valuation of $924 million in 2021. The Gurugram-based fintech, backed by Peak XV and ADIA, is seeking&#8230;<\/p>\n","protected":false},"author":1,"featured_media":646103,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/01\/GettyImages-634064732.jpg?resize=1200,800","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[76556,17318,152435,153044,70917],"class_list":["post-646102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-fintech","tag-india","tag-ipos","tag-mobikwik","tag-startups"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/646102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=646102"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/646102\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/646103"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=646102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=646102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=646102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}