Peak XV Partners Sells Stake in MobiKwik for ₹1.30 Billion
On April 28, Venture Capital firm Peak XV Partners completed a significant sale of its stake in Indian fintech company One MobiKwik Systems, in a deal valued at over ₹1.30 billion (approximately $13.76 million). This information comes from a source familiar with the situation.
Key Details of the Transaction:
-
Peak XV sold around 6.08 million shares, which represents about 7.7% of its equity in MobiKwik, at an average price of ₹214 per share.
-
The block deal saw participation from multiple investment firms, including Florintree Advisors, Viridian Asset Management, Dymon Asia, and Karma Capital.
-
This sale marks Peak XV’s complete exit from One MobiKwik, following its initial role as an early investor in the fintech company.
This move highlights the ongoing dynamics in the Indian fintech sector, as investors continue to reassess their strategies and positions.
