ADIA picks up minority stake in Mobikwik at valuation of $700 million

Mobikwik is said to be working on a Rs 1,200-crore IPO, which is likely to hit the markets by September. The fintech startup was recently in the news for an alleged data breach, following which the RBI ordered a forensic audit.

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Mobikwik is said to be working on a Rs 1,200-crore IPO, which is likely to hit the markets by September. The fintech startup was recently in the news for an alleged data breach, following which the RBI ordered a forensic audit.