# One MobiKwik Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/one-mobikwik-systems

- Industry: Financial Services
- Headquarters: Gurgaon, India
- Website: www.mobikwik.com
- Total disclosed funding: $56M
- Latest round: Series E (Jul 10, 2019)
- Investors on record: 13

## About

One MobiKwik Systems Limited is a prominent Indian financial technology company that specializes in providing mobile wallet services and a variety of digital financial solutions, facilitating secure transactions for consumers and businesses alike.Founded in 2009, One MobiKwik Systems Limited operates as a mobile wallet and financial services platform headquartered in Gurgaon, India. The company was established by Bipin Singh, Chandan Joshi, and Upasana Taku. It has completed 29 deals, with its most recent funding round being a Secondary Stock Purchase amounting to INR 816.3 mn on December 18, 2024. The total amount raised by the company stands at INR 2,574 mn.MobiKwik operates as a comprehensive mobile wallet and financial services platform, providing a range of digital financial solutions designed to facilitate seamless transactions for its users. The core offerings include bill payments, mobile recharges, and financial products such as digital loans and investment options in mutual funds and digital gold. Users can also leverage features like UPI payments through the innovative Pocket UPI service, which allows for transactions without the need to link bank accounts. This functionality is particularly beneficial for consumers looking for a straightforward solution to manage their financial activities, enhancing convenience and accessibility. MobiKwik’s services cater to a diverse clientele across India, reaching approximately 99% of the country's pincodes, and addressing the needs of individuals and businesses alike—including retail customers, small enterprises, and larger organizations.In 2023, MobiKwik reported a revenue of INR 67,216,952.7 with an EBITDA of -INR 8,153,123.9. The company generates revenue through transaction fees associated with its mobile wallet services and financial products, facilitating various transactions, including bill payments and recharges. The platform’s ZIP EMI service allows users to make purchases through instant loans, contributing to its revenue streams, while partnerships with retailers and businesses enhance its financial services ecosystem.One MobiKwik Systems Limited plans to utilize the funds raised in its recent IPO, which secured INR 5.72 billion, to enhance its product offerings and expand its market reach. The company aims to introduce new financial products designed to improve user experience and accessibility. Additionally, MobiKwik is targeting expansion into new geographic regions, with a focus on increasing its presence in tier 2 and tier 3 cities across India by the end of 2025.

## Funding rounds

- Series E, Jul 10, 2019, $1.3M — New Delhi Television Ltd., Trifecta Capital
- Series E, Nov 15, 2018, $3.3M — Hong Shan, Lesaka Technologies, Inc., GMO VenturePartners
- Series C, Apr 11, 2017, $0.9M — Bennett Coleman & Co., Cisco Investments
- Series C, Jun 24, 2016, $23M — Hong Shan, American Express, Druva Inc., Tree Line Investment Management, Cisco Systems, Inc., Bennett Coleman & Co., Lesaka Technologies, Inc., GMO VenturePartners, MediaTek Ventures
- Series B, Nov 27, 2015, $4.9M — Hong Shan, Tree Line Investment Management, InnoVen Capital
- Series B, Feb 27, 2015, $16M — Hong Shan, American Express, Tree Line Investment Management, Cisco Systems, Inc.
- Series A, Feb 25, 2015, $1M — Hong Shan
- Series A, Feb 11, 2015, $1M — Hong Shan
- Series A, Jun 1, 2013, $5M — Hong Shan

## Investors

- Hong Shan — Series A, Series B, Series C, Series E
- American Express — Series B, Series C
- Tree Line Investment Management (https://capitalatlas.ai/funds/tree-line-investment-management) — Series B, Series C
- Cisco Systems, Inc. — Series B, Series C
- InnoVen Capital — Series B
- Druva Inc. — Series C
- Bennett Coleman & Co. — Series C
- Lesaka Technologies, Inc. — Series C, Series E
- GMO VenturePartners (https://capitalatlas.ai/funds/gmo-venturepartners) — Series C, Series E
- MediaTek Ventures (https://capitalatlas.ai/funds/mediatek-ventures) — Series C
- Cisco Investments (https://capitalatlas.ai/funds/cisco-investments) — Series C
- New Delhi Television Ltd. — Series E
- Trifecta Capital (https://capitalatlas.ai/funds/trifecta-capital) — Series E