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MobiKwik posts 181% increase in adjusted EBITDA in Q1, aims 2X growth in FY24   Digital banking platform MobiKwik on Tuesday said it has recorded profitable growth in the first quarter of current financial year with an adjusted EBITDA of Rs 13.6 crore, a 181 per cent increase (year-over-year). This is the second consecutive quarter when MobiKwik has registered a profitable growth.  The company registered Rs 177 crore in revenues in Q1 FY23-24, a growth of 68 per cent in the corresponding quarter last fiscal and its contribution margin rose by 108 per...
MobiKwik posts 181% increase in adjusted EBITDA in Q1, aims 2X growth in FY24
MobiKwik posts 181% increase in adjusted EBITDA in Q1, aims 2X growth in FY24
Source: IANS
8/08/2023 3:38:06 PM
Indian startups must boost corporate governance, set norms for G20 nations: Amitabh Kant Indian startups must give priority to good governance and financial management and create new benchmarks not only for India but also for other G20 nations, G20 Sherpa Amitabh Kant has stressed. Globally, startups have evolved into the catalyst for economic recovery, reorientation and growth driven by innovation. At the sidelines of a think tank conference organised by Nishith Desai Associates and TiE Mumbai recently, Kant reiterated the importance of developing the corporate governance ...
Indian startups must boost corporate governance, set norms for G20 nations: Amitabh Kant
Indian startups must boost corporate governance, set norms for G20 nations: Amitabh Kant
Source: IANS
4/05/2023 4:36:56 PM
MobiKwik's revenue grows to Rs 560 cr in FY23, gears up for 2X growth Digital banking platform MobiKwik on Wednesday said it clocked Rs 560 crore in revenue in the financial year 2022-23 and became profitable from the fourth quarter of the financial year 2022-23. The company's contribution margin rose to Rs 169.5 crore in FY23 as compared to Rs 42 crore in FY22, nearly 304 per cent year-on-year growth. Fifty per cent of the company's revenue came from the distribution of digital credit products, and the rest came from its payments business. In ...
MobiKwik's revenue grows to Rs 560 cr in FY23, gears up for 2X growth
MobiKwik's revenue grows to Rs 560 cr in FY23, gears up for 2X growth
Source: IANS
3/05/2023 6:33:12 PM
RBI orders MobiKwik to probe alleged data leak: Source NEW DELHI  - India's central bank has ordered digital payments firm MobiKwik to probe allegations that data of its 110 million users was breached, and warned that the company will face fines if lapses are found, a source with direct knowledge of the situation told Reuters on Thursday. MobiKwik, which is backed by Sequoia Capital and India's Bajaj Finance, has faced growing criticism this week for denying a leak many customers and digital rights activists say is linked to the c...
RBI orders MobiKwik to probe alleged data leak: Source
RBI orders MobiKwik to probe alleged data leak: Source
Source: Reuters
2/04/2021 10:18:41 AM