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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
It reported losses in Q2 and Q3, its financial services business is reeling and its payments business is growing but earning less. The Gurugram-based fintech needs a turnaround.
Since a bumper opening on the bourses after its mid-December initial public offering, at a 58% premium over the offer price, MobiKwik’s shares have fallen by just under 40% in value till today.
This fall has been accompanied by the company reporting continuing losses—Rs 3.5 crore in the September quarter and Rs 55 crore in the December quarter—in results that were declared after the IPO. These losses are attributable to the company’s financial services business taking a beating. Despite healthy revenue growth, with the company’s payments business growing fast, the mess that its financial services business is in …
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
India’s second-largest brokerage by active clients wants to handle IPOs as a merchant banker. But gaining a foothold in the highly competitive sector is easier said than done.
