MobiKwik: Peak XV Partners Exits Investment
Venture capital firm Peak XV Partners has completed its exit from MobiKwik via a block deal valued at approximately Rs 130 crore, as reported by PTI. The firm sold its 7.7% shareholding, totalling nearly 60.6 lakh shares at an average price of Rs 214 per share. This marks Peak XV’s complete withdrawal from the company, where it was an early backer. On March 31, 2026, Peak XV held a 7.89% stake in MobiKwik.
The shares were acquired by several institutional investors, including Florintree Advisors, Viridian Asset Management, Dymon Asia, and Karma Capital. The startup named Superb has contacted both MobiKwik and Peak XV for further information regarding this development.
This news follows MobiKwik’s recent approval from the Reserve Bank of India (RBI) for its NBFC application. After this positive announcement, MobiKwik’s stock experienced an increase of over 3% during today’s intraday trading, adding to its prior 15% rise and sustaining its upward trend. The stock market rally stems from RBI’s approval, which is anticipated to bolster the company’s plans for lending expansion.
MobiKwik now joins other companies such as IndiaGold, Flipkart, Newtap, Lendingkart, KrazyBee, and Capital Float in obtaining NBFC licences. This enables them to function as regulated lenders, providing them with enhanced control over credit operations.
Although MobiKwik has yet to release its Q4 FY26 results, the company stated that it achieved Rs 289 crore in operating revenue and a profit of Rs 4 crore for Q3 FY26, in contrast to a loss of Rs 53 crore recorded in Q3 FY25. As of 1:06 PM today, MobiKwik’s stock price is trading at Rs 233, with a total market capitalisation of Rs 1,831 crore or roughly $194 million.
