Digital payments startup Mobikwik<\/a> is planning to raise $250-$300 million through an initial public offering<\/a> (IPO) and is set to file a Draft Red Herring Prospectus (DRHP) with the capital markets regulator within a week, sources said.

The development comes close on the heels of rival Paytm’s plan to file a DRHP ahead of its planned IPO slated for November and as a host of new-age Indian startups look to list publicly later this year.

Zomato’s public issue is slated for July 14-16, with the online food delivery firm looking to raise as much as Rs 9,375 crore.

Mobikwik<\/a> completed the paperwork on Thursday and could file it with the Securities and Exchange Board of India<\/a> (Sebi<\/a>) soon, a person aware of the matter said.

“It’s a matter of days,” the person added.

News wire Bloomberg was the first to report the development on Friday.

Mobikwik cofounder Bipin Preet Singh did not immediately respond to ET’s messages.

An email sent to the company did not elicit a response till press time Friday.

Last month, the Gurugram-based firm closed a $20 million (Rs 150 crore) funding round from
Abu Dhabi Investment Authority<\/a> (ADIA), valuing it at $700 million.

Mobikwik may seek a valuation of $1 billion for the IPO, sources said.

Earlier this week, ET reported that Paytm was expected to file its DRHP for an IPO soon after its extraordinary general meeting (EGM) on July 12.

Multiple top-tier startups like Delhivery, Nykaa and PolicyBazaar are also expected to go public this year.

Founded in 2009 by Singh and wife
Upasana Taku<\/a>, Mobikwik has raised over $165 million, according to startup data platform Crunchbase.

This includes equity and debt funding.

Singh and Taku collectively own about 33.2% stake in the company.

Mobikwik’s user database was reportedly breached recently, and the Reserve Bank of India had ordered a probe into the matter. The company has, however, denied that a breach took place.

Mobikwik is said to be conducting over one million daily transactions across its network, including on its digital wallet, UPI and bill payment services.

The company, which also counts
Sequoia Capital<\/a> among its investors, became an aggregator of mutual funds and small-ticket credit services. Mobikwik has said that it has over three million merchants on its network and serves over 107 million users.
<\/p><\/body>","next_sibling":[{"msid":84285929,"title":"Amazon Fire TVs now support Prime Video watch parties","entity_type":"ARTICLE","link":"\/news\/amazon-fire-tvs-now-support-prime-video-watch-parties\/84285929","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"84272133","title":"ipo","entity_type":"IMAGES","seopath":"tech\/startups\/mobikwik-nears-drhp-filing-amid-startup-ipo-rush\/ipo","category_name":"Mobikwik nears DRHP filing amid startup IPO rush","synopsis":"Illustration: Rahul Awasthi","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-104079\/84272133.cms?width=150&height=112","link":"\/image\/tech\/startups\/mobikwik-nears-drhp-filing-amid-startup-ipo-rush\/ipo\/84272133"}],"msid":84285982,"entity_type":"ARTICLE","title":"Mobikwik nears DRHP filing amid startup IPO rush","synopsis":"Mobikwik completed the paperwork on Thursday and could file it with the Securities and Exchange Board of India soon, a person aware of the matter said.","titleseo":"telecomnews\/mobikwik-nears-drhp-filing-amid-startup-ipo-rush","status":"ACTIVE","authors":[{"author_name":"Digbijay Mishra","author_link":"\/author\/479221599\/digbijay-mishra","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479221599.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479221599,"author_name":"Digbijay Mishra","author_seo_name":"Digbijay-Mishra","designation":"Correspondent","agency":false}},{"author_name":"Ashwin Manikandan","author_link":"\/author\/479252742\/ashwin-manikandan","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479252742.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479252742,"author_name":"Ashwin Manikandan","author_seo_name":"ashwin-manikandan","designation":"Correspondent","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETtech","artdate":"2021-07-10 07:43:59","lastupd":"2021-07-10 07:44:42","breadcrumbTags":["mobikwik ipo","Mobikwik valuation","Sequoia Capital","initial public offering","securities and exchange board of india","sebi","MVAS\/Apps","Mobikwik","Abu Dhabi Investment Authority","Upasana Taku"],"secinfo":{"seolocation":"telecomnews\/mobikwik-nears-drhp-filing-amid-startup-ipo-rush"}}" data-authors="[" digbijay mishra","ashwin manikandan"]" data-category-name="" data-category_id="" data-date="2021-07-10" data-index="article_1">

Mobikwik临近DRHP文件在启动IPO热潮

Mobikwik周四完成了文书工作,可能与印度证券交易委员会的文件,一个人意识到说。

Digbijay Mishra Ashwin Manikandan
  • 更新于2021年7月10日07:44点坚持

电子支付公司Mobikwik计划筹集250美元- 3亿美元通过吗首次公开发行(IPO)并将文件草案红鲱鱼招股说明书(DRHP)资本市场监管机构在一个星期内,消息人士说。

开发接近的对手Paytm文件的计划提前DRHP IPO计划定于11月和印度公司作为新时代的主人看今年晚些时候公开上市。

Zomato定于7月14 - 16的公共问题,与在线食品外卖公司希望筹集高达9375卢比。

Mobikwik在周四完成了文书工作,可以与文件印度证券交易委员会(印度证券交易委员会不久,一个人意识到说。

广告
”这是几天,”这个人说。

乐动扑克新闻线布隆伯格是第一个报告周五开发。

Mobikwik创始人Bipin普里特辛格没有立即回复记者等的消息。

电子邮件发送到该公司并未得到响应到新闻时间星期五。

上个月,Gurugram-based公司关闭了2000万美元(150卢比)一轮融资阿布扎比投资局(Abu Dhabi Investment Authority)(ADIA),估值达7亿美元。

Mobikwik可能寻求IPO的估值为10亿美元,消息人士说。

本周早些时候,报道称,Paytm将文件其IPO的DRHP不久之后特别大会(临时)7月12日。

多个Delhivery这样顶级的创业公司,Nykaa和PolicyBazaar预计也将在今年上市。

成立于2009年由辛格和妻子Upasana佐藤,Mobikwik已经募集到了超过1.65亿美元,据Crunchbase实际上启动数据平台。

这包括股票和债券融资。

辛格和佐藤共同拥有该公司33.2%的股份。

最近Mobikwik用户数据库被破坏,印度央行(Reserve Bank of India)已下令调查此事。然而,公司已经否认发生了违约。

Mobikwik据说进行超过一百万在其网络日常事务,包括电子钱包,UPI和比尔支付服务。

广告
公司也很重要红杉资本共同基金的投资者之一,成为一个聚合器和小金额的信贷服务。Mobikwik已表示,它有超过三百万超过1.07亿个用户提供服务的网络和商人。

  • 发布于2021年7月10日07:43点坚持

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Digital payments startup Mobikwik<\/a> is planning to raise $250-$300 million through an initial public offering<\/a> (IPO) and is set to file a Draft Red Herring Prospectus (DRHP) with the capital markets regulator within a week, sources said.

The development comes close on the heels of rival Paytm’s plan to file a DRHP ahead of its planned IPO slated for November and as a host of new-age Indian startups look to list publicly later this year.

Zomato’s public issue is slated for July 14-16, with the online food delivery firm looking to raise as much as Rs 9,375 crore.

Mobikwik<\/a> completed the paperwork on Thursday and could file it with the Securities and Exchange Board of India<\/a> (Sebi<\/a>) soon, a person aware of the matter said.

“It’s a matter of days,” the person added.

News wire Bloomberg was the first to report the development on Friday.

Mobikwik cofounder Bipin Preet Singh did not immediately respond to ET’s messages.

An email sent to the company did not elicit a response till press time Friday.

Last month, the Gurugram-based firm closed a $20 million (Rs 150 crore) funding round from
Abu Dhabi Investment Authority<\/a> (ADIA), valuing it at $700 million.

Mobikwik may seek a valuation of $1 billion for the IPO, sources said.

Earlier this week, ET reported that Paytm was expected to file its DRHP for an IPO soon after its extraordinary general meeting (EGM) on July 12.

Multiple top-tier startups like Delhivery, Nykaa and PolicyBazaar are also expected to go public this year.

Founded in 2009 by Singh and wife
Upasana Taku<\/a>, Mobikwik has raised over $165 million, according to startup data platform Crunchbase.

This includes equity and debt funding.

Singh and Taku collectively own about 33.2% stake in the company.

Mobikwik’s user database was reportedly breached recently, and the Reserve Bank of India had ordered a probe into the matter. The company has, however, denied that a breach took place.

Mobikwik is said to be conducting over one million daily transactions across its network, including on its digital wallet, UPI and bill payment services.

The company, which also counts
Sequoia Capital<\/a> among its investors, became an aggregator of mutual funds and small-ticket credit services. Mobikwik has said that it has over three million merchants on its network and serves over 107 million users.
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