Mobikwik is gearing up for its initial public offering (IPO) with the goal of securing INR 880 crore in funding.

Mymobikwik, a fintech unicorn, is planning to raise up to INR 880 crore through a fresh share issuance in its upcoming initial public offering (IPO). Additionally, the IPO will include a pre-IPO placement totaling INR 176 crore, which will be offered to specific investors before filing the red herring prospectus (RHP) with SEBI. Founded in 2009 by Bipin Preet Singh and Upasana Taku, MobiKwik serves as a digital banking platform, offering a suite of financial products to both consumers and merchants.