MobiKwik’s Uphill Battle, Startup Funding Rebounds & More

Share via:


MobiKwik’s Climb Gets Steeper

MobiKwik is in a precarious position. Despite record GMV and improvement in gross margins, the fintech company’s Q1 FY26 numbers reflect a melancholy of declining revenues and widening losses. 

  • Operating revenue withered 18.6% YoY to INR 281.6 Cr
  • Losses widened 6X YoY to INR 41.9 Cr

With weak fundamentals, Bipin Preet Singh’s MobiKwik is desperate to break even by Q4 FY26. But, something seems to be holding it back.

Stuck In The Middle: In India’s fintech hierarchy, MobiKwik is in an uncomfortable…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

MobiKwik’s Uphill Battle, Startup Funding Rebounds & More


MobiKwik’s Climb Gets Steeper

MobiKwik is in a precarious position. Despite record GMV and improvement in gross margins, the fintech company’s Q1 FY26 numbers reflect a melancholy of declining revenues and widening losses. 

  • Operating revenue withered 18.6% YoY to INR 281.6 Cr
  • Losses widened 6X YoY to INR 41.9 Cr

With weak fundamentals, Bipin Preet Singh’s MobiKwik is desperate to break even by Q4 FY26. But, something seems to be holding it back.

Stuck In The Middle: In India’s fintech hierarchy, MobiKwik is in an uncomfortable…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

India needs its own narrative on AI, says filmmaker...

Ahmedabad (Gujarat) , December 27: MICA – The...

Apple iPhone 16 Pro Max now under ₹1 lakh...

Flipkart’s ongoing Year-End deals have brought one of...

Livspace acquires a majority stake in Abby Lighting in...

Omnichannel home interior and renovation platform Livspace acquired...

Popular