• Guest Post   |
  • Submit App Review   |
  • Submit PR   |
  • Advertise   |
  • Contact Us
  • Login
No Result
View All Result
Get Featured on Appedus
Mobile App Development | Design | Marketing Magazine: Appedus
Subscribe
  • Home
  • App Development
  • App Marketing
    • All
    • App Onboarding
    • App Store Optimisation
    • App User Engagement
    • Push Notifications
    increase-your-app installs organically

    5 Best Tips to Increase App Installs Organically.

    15 best apps-for-users

    know 15 Best Apps with Awesome User Onboarding Experiences

    How-to-Create-a-Mobile App-Marketing-Strategy-That-Works-appedus

    How to Create a Mobile App Marketing Strategy That Works

    How-to-Monetize-Your-Mobile-App-Strategies-for-Success-Appedus

    How to Monetize Your Mobile App: 5 Best Strategies for Success in 2023

    • App Store Optimisation
    • App User Engagement
    • App Push Notifications
    • App Onboarding
    • App Analytics
  • App Design
  • App Reviews
    • All
    • Books & Reference
    • Business
    • Dating
    • Education
    • Finance
    • Fitness
    • Food & Drink
    • Health
    • iOS apps
    • Lifestyle
    • Medical
    • Mobile Games
    • Photography
    • Productivity
    • Shopping
    • Social
    • Travel
    • Utilities
    • Video Editing
    Apples-Revolutionary-Sports App

    The Future of Sports Information: Apple’s Revolutionary Sports App

    A-Comprehensive-Review-of-AllTrails

    Exploring the Best Hiking App: A Comprehensive Review of AllTrails

    Blackhole Splitter-Video-Editing-for-Social-Media

    Blackhole Splitter: Revolutionary Video Editing for Social Media Domination

    mastodon-for-IOS

    Mastodon for iOS: Revolutionary Your Social Networking Experience

    Android-15-Developer-Preview

    Android 15 Developer Preview 1 has arrived, but its availability is not universal.

    The-Dynamics-of-Alphabets-CapitalG

    The Dynamics of Alphabet’s CapitalG: A Glimpse into the $7 Billion Growth Stage Investing Powerhouse

    Introducing-Clubhouse's-Text-to-Voice-Feature

    Introducing Clubhouse’s Text-to-Voice Feature: The Future of Social Audio

    RBI-Deadline-Extension-to-March-15-on-Paytm Payments Bank

    RBI’s Deadline Extension to March 15 on Paytm Payments Bank

    Improve-Your-FireStick-Experience-Unleashing-the-Power-of-Top-Tier-Apps-appedus

    Unleashing the FireStick Magic: The Ultimate Guide to 100+ Exquisite Apps for Movies, TV, and Live Sports

    Trending Tags

    • Travel
    • fitness
    • Video Editing app
    • Utilities
    • Lifestyle
    • Medical
    • Photography
    • Productivity
    • Shopping
    • Social
    • Travel
  • App Events
  • Exclusive
  • Home
  • App Development
  • App Marketing
    • All
    • App Onboarding
    • App Store Optimisation
    • App User Engagement
    • Push Notifications
    increase-your-app installs organically

    5 Best Tips to Increase App Installs Organically.

    15 best apps-for-users

    know 15 Best Apps with Awesome User Onboarding Experiences

    How-to-Create-a-Mobile App-Marketing-Strategy-That-Works-appedus

    How to Create a Mobile App Marketing Strategy That Works

    How-to-Monetize-Your-Mobile-App-Strategies-for-Success-Appedus

    How to Monetize Your Mobile App: 5 Best Strategies for Success in 2023

    • App Store Optimisation
    • App User Engagement
    • App Push Notifications
    • App Onboarding
    • App Analytics
  • App Design
  • App Reviews
    • All
    • Books & Reference
    • Business
    • Dating
    • Education
    • Finance
    • Fitness
    • Food & Drink
    • Health
    • iOS apps
    • Lifestyle
    • Medical
    • Mobile Games
    • Photography
    • Productivity
    • Shopping
    • Social
    • Travel
    • Utilities
    • Video Editing
    Apples-Revolutionary-Sports App

    The Future of Sports Information: Apple’s Revolutionary Sports App

    A-Comprehensive-Review-of-AllTrails

    Exploring the Best Hiking App: A Comprehensive Review of AllTrails

    Blackhole Splitter-Video-Editing-for-Social-Media

    Blackhole Splitter: Revolutionary Video Editing for Social Media Domination

    mastodon-for-IOS

    Mastodon for iOS: Revolutionary Your Social Networking Experience

    Android-15-Developer-Preview

    Android 15 Developer Preview 1 has arrived, but its availability is not universal.

    The-Dynamics-of-Alphabets-CapitalG

    The Dynamics of Alphabet’s CapitalG: A Glimpse into the $7 Billion Growth Stage Investing Powerhouse

    Introducing-Clubhouse's-Text-to-Voice-Feature

    Introducing Clubhouse’s Text-to-Voice Feature: The Future of Social Audio

    RBI-Deadline-Extension-to-March-15-on-Paytm Payments Bank

    RBI’s Deadline Extension to March 15 on Paytm Payments Bank

    Improve-Your-FireStick-Experience-Unleashing-the-Power-of-Top-Tier-Apps-appedus

    Unleashing the FireStick Magic: The Ultimate Guide to 100+ Exquisite Apps for Movies, TV, and Live Sports

    Trending Tags

    • Travel
    • fitness
    • Video Editing app
    • Utilities
    • Lifestyle
    • Medical
    • Photography
    • Productivity
    • Shopping
    • Social
    • Travel
  • App Events
  • Exclusive
No Result
View All Result
Mobile App Development | Design | Marketing Magazine: Appedus
No Result
View All Result
Home Featured

ADIA takes minority stake in MobiKwik for $20M

Abu Dhabi Investment Authority (ADIA) has picked up a minority stake in the IPO-bound digital payments player MobiKwik for $20 million, valuing it at $700 million.

by Editorial Team
in Featured, Funding
Reading Time: 2 mins read
0
MobiKwik
Share on FacebookShare on Twitter

MobiKwik, the IPO-bound digital payments player has given up a minority stake for nearly $20 million (about Rs 150 crore). It is valued at $700 million by the UAE’s sovereign wealth fund Abu Dhabi Investment Authority.

Back in March, it had got into bad publicity after allegations surfaced of a massive data breach with personal information at a stake for 10 million+ of its customers. The RBI had ordered a forensic audit of this Gurugram-based startup.

MobiKwik is an Indian digital payment company that was founded in 2009. It provides a mobile phone-based payment system and digital wallet. Customers can add money to an online wallet that can be used for payments.

According to the Registrar of Companies (RoC) filing by Mobikwik, the Abu Dhabi Investment Authority values the company at $700 million (nearly Rs 5,193 crore) with the latest round of funding of $20 million. It has raised more than INR 235 crore since March of 2021.

yx47aDTDhMmCAUwM hCg47Y8d9VLc3CcsRrDxOPZ2wb wf4bwRUTWNAzr OybqkDJj8G8zl1clbKemdWdneE bOeiS6VOY88yHNk51UwAIaihOXJJe8UhuhRr8h

According to the investment banking sources, MobiKwik is working on a Rs 1,200-crore primary share sale, which is likely to hit the markets by September. Early March, this digital wallet and payments startup was in the thick of a crisis after the personal data of 9.9 million of its customers were allegedly stolen by hackers. Though it had denied the allegations, it was ordered to conduct a forensic audit by the Reserve Bank.

Investors like Sequoia Capital and Bajaj Finance are a few of the existing investors of MobiKwik. But recently they have added players like ex-Blackstone India Head Mathew Cyriac, Padma awardee Sat Pal Khattar, and ex-Infosys chief investment officer V G Dheeshjith as part of these fundraisers.

Despite being in the thick of things in early March, it claims to have 1 million daily transactions across its network. It offers digital services like paying utility bills and phone recharges, etc. Right now it serves more than 107 million users and supports over 3 million merchants on its network. By the next financial year, India’s digital payments market may reach INR 163 lakh crore, according to a PwC report in December 2020.

Competition among digital payments players like Google Pay, Walmart PhonePe, and Paytm have increased with Facebook’s WhatsApp winning permission to offer payments locally. In 2016, Bitcoin startup Unocoin partnered with MobiKwik to allow Unocoin users to load their wallets using bitcoin.

And in 2017, India’s state-run telecom company Bharat Sanchar Nigam entered into a strategic partnership with the digital payments firm MobiKwik to launch a co-branded mobile wallet. The same year, the firm also collaborated with South Korean tech giant Samsung Electronics, to integrate wallet with Samsung Pay Mini to enable one-tap payments in India.

mm

Editorial Team

We at Appedus are a group of digital nomads aggregating, writing, and publishing the best of the tech news in the mobile app ecosystem. Our constant endeavor is to get the most actionable news for you to use.

Next Post
GoStudent

Ed-Tech unicorn, GoStudent, valued at €1.4B

Weekly Newsletter

Top Apps This Week

Apples-Revolutionary-Sports App
Apple

The Future of Sports Information: Apple’s Revolutionary Sports App

by Editorial

In the dynamic and ever-evolving landscape of sports entertainment, Apple...

Read moreDetails
A-Comprehensive-Review-of-AllTrails

Exploring the Best Hiking App: A Comprehensive Review of AllTrails

Blackhole Splitter-Video-Editing-for-Social-Media

Blackhole Splitter: Revolutionary Video Editing for Social Media Domination

Load More

About Us

mobile app technology magazine

Appedus is a mobile app ecosystem focused news publishing platform which covers various topics like app design, app development, app marketing and other relevant news, views or opinions. We also publish industry insights, e-books, developer interviews and e-magazines. You can get in touch with us on hola@appedus.com or you can snail mail us at

Medianiti Ltd. Brooklands Business Park, Wellington Way, Weybridge KT13 0TT, United Kingdom

Latest Articles & News

Startup Mahakumbh 2025: A Global Stage for Innovation and Investment

Startup Mahakumbh 2025: A Global Stage for Innovation and Investment

Important Links

  • Guest Post
  • Submit App Review
  • Submit PR
  • Mobile App Marketing
  • Mobile App Reviews | Top Android & iOS app reviews
  • Top Apps
  • Curated News
  • Advertise
  • Contact Us

Subscribe

  • Guest Post
  • Submit App Review
  • Submit PR
  • Mobile App Marketing
  • Mobile App Reviews | Top Android & iOS app reviews
  • Top Apps
  • Curated News
  • Advertise
  • Contact Us

© 2025 Appedus - Appedus All Right Reserved

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

jeetwin

nagad88

jaya9

joya 9

khela88

babu88

babu888

mostplay

marvelbet

baji999

abbabet

kuwin

iplwin

my 11 circle

betway

jeetbuzz

satta king 786

betvisa

winbuzz

dafabet

rummy nabob 777

rummy deity

yono rummy

shbet

kubet

dafabet

mostbet

paripesa

khelo24bet

my11circle

iplwin

rummy mars

rummy most

rummy deity

rummy tour

indibet login

10cric login

bc game download

dream11 download

1win login

fun88 login

iplt20 official

icc cricket world cup

rs7 sports

rummy app

login iplwin

betvisa download

betvisa download

crickex download

crickex download

iplwin app

dafabet login

rummy

rummy

dafabet

dafabet

4rabet login

crazy time game

crazy time game

Rummy Satta

Rummy Joy

Rummy Mate

Rummy Modern

Rummy Ola

Rummy East

Holy Rummy

Rummy Deity

Rummy Tour

Rummy Wealth

yono rummy

Baji999 লাইভ

Marvelbet Login

krikya Casino

bet visa

91 club download

daman game app

jeetbuzz login

iplwin login

yono rummy apk

rummy deity apk

all rummy app

betvisa login

lotus365 login

mostplay app

4rabet app

leonbet app

pin up casino

mostbet app

Rummy Apk

Fastwin Apk

Betvisa app

Babu88 app

No Result
View All Result
  • Home
  • App Development
  • App Marketing
    • App Store Optimisation
    • App User Engagement
    • Push Notifications
    • App Onboarding
    • App Analytics
  • App Design
  • App Reviews
    • Utilities
    • Lifestyle
    • Medical
    • Photography
    • Productivity
    • Shopping
    • Social
    • Travel
  • App Events
  • Exclusive
  • Get Featured on Appedus

© 2025 Appedus - Appedus All Right Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version