Kiwi Co-Founder Mohit Bedi Steps Down from Chief Business Officer Role

Kiwi has experienced a significant change as co-founder Mohit Bedi has stepped down from his position as Chief Business Officer (CBO) and transitioned to an advisory role within the company, as reported by Business Standard. Bedi is expected to remain with the organisation until July before exiting, though he will keep his equity stake. This decision comes as Bedi steps back for personal reasons. The company has confirmed that there will be no alterations to its leadership structure or strategic direction.

Background on Kiwi

Founded in 2022 by Mohit Bedi, Anup Agrawal, and Siddharth Mehta, Kiwi has made strides in the credit-on-UPI sector. The startup is allied with several banks, including AU Small Finance Bank, Yes Bank, Axis Bank, and Punjab National Bank. To date, Kiwi has successfully issued over 2 lakh credit cards through its platform in collaboration with these lenders.

Recent Developments at Kiwi

In recent weeks, Kiwi appointed Sumeet Basrani as its new Chief Business Officer, further reinforcing the company’s leadership. Overall, Kiwi has raised an impressive total of $43 million so far, including a $24 million Series B round in 2025, which was spearheaded by Vertex Ventures Southeast Asia & India.