![[Update] Peak XV Exits MobiKwik With ₹130 Cr Block Deal](https://assets-news-bcdn.dailyhunt.in/cmd/resize/800x600_75/fetchdata20/images/34/4d/7a/344d7a1dcabf5c007e14f1244e616bb4767fe0b46b5798951ce60e49db7a5572.webp)
Update | April 29, 11:00 IST
Peak XV offloaded 62.15 Lakh shares of MobiKwik at a price of ₹214 apiece via a block deal yesterday, BSE data showed.
With this, the investor completely exited the fintech company in a ₹133 Cr deal.
The shares were bought by Viridian Asia Opportunities Master Fund, Elimath Advisors Private Limited and Societe Generale.
Original | April 28, 12:44 IST
VC firm Peak XV Partners has exited listed fintech major MobiKwik through a ₹130 Cr (about $13.8 Mn) block deal, a day after the fintech company received NBFC licence from the central bank.
A report by Reuters, citing sources, said Peak XV sold 6.08 Mn shares at an average price of ₹214 apiece. The shares were lapped up by Florintree Advisors, Viridian Asset Management, Dymon Asia, and Karma Capital.
Peak XV declined to comment on Inc42's queries on the development.
Notably, Peak XV held a 7.89% stake in MobiKwik at the end of the March quarter. The VC firm, which first invested in MobiKwik in 2013, has been gradually offloading its stake in the fintech major over the past quarters.
When MobiKwik made its public debut in December 2024, Peak XV held a 12.79% stake in the company via two different entities. Right after its listing in 2024, the investor offloaded the company's shares worth ₹81.63 Cr via a block deal.
The latest development comes at a time when MobiKwik is boosting its lending play. After receiving the NBFC licence from the RBI yesterday, the company said it will boost its lending capabilities, credit products' stack and serve a broader base of consumers and merchants.
Notably, MobiKwik incorporated its NBFC subsidiary Mobikwik Financial Services Private Ltd (MFSPL) last year. The fintech major infused ₹9.99 Cr in the subsidiary in October 2025.
On the financial front, the company turned profitable in the December quarter of 2025 (Q3 FY26), posting a consolidated net profit of ₹4 Cr as against a loss of ₹55.3 Cr in the same quarter last year. Its operating revenue grew 7.2% to ₹288.9 Cr in Q3 FY26 from ₹269.5 Cr in the year-ago period.
Shares of MobiKwik were trading 3.76% higher at ₹233.25 on the BSE at 13:24 IST. The stock surged nearly 11% yesterday after the company said it received the NBFC licence from the central bank.