Mobikwik to invest Rs 10 crore in finserv arm

Digital payments platform One Mobikwik Systems told exchanges on Wednesday that it will buy shares worth Rs 9.99 crore of its wholly owned subsidiary, Mobikwik Financial Services.

The investment was approved during a meeting of the treasury committee of the board of directors, the company said. The infusion will be completed in one or more tranches, it added.

Mobikwik Financial Services was incorporated in April to finance all types of leasing, hiring, and purchasing relating to machinery, plant, equipment, ships, vehicles, aircraft, rolling stock, factories, movable, and immovable property.

Last month, Abu Dhabi Investment Authority (ADIA) exited One Mobikwik Systems by divesting its entire 2.1% stake for Rs 39.21 crore at an average price of Rs 238.45 in an open market transaction.

BofA Securities Europe SA and SI Investments Broking were the major buyers, acquiring 9 lakh shares, or 1.15% stake, in One Mobikwik Systems, at a combined transaction value of Rs 22.12 crore. The shares were priced between Rs 243.61-248.42.

For the quarter ended June 2025, Mobikwik’s net loss widened over six-fold to Rs 41.9 crore from Rs 6.6 crore in the same period last year. The Peak XV-backed fintech firm also reported a 20.7% year-on-year decline in operating revenue to Rs 271.3 crore during this period.

The company’s performance was impacted by a sharp slowdown in its financial services segment, with revenue plunging 65% on-year, from Rs 170.7 crore in Q1 FY25 to Rs 58.3 crore in Q1 FY26.