MobiKwik's net revenues grew by 134% to ₹379 crore at the end of FY20 from ₹162 crore on the back of higher revenue from consumer payments. The mobile payments app has a user-base of 120 million and has been expanding its product offerings with lending and investment options over the past year, it said in a blogpost. The payments company founded in 2009 by Bipin Preet Singh and Upasana Taku has raised a total of $100 million in funding from Sequoia Capital, Bajaj Finance, and American Express among other investors. In December 2020, the company raised ₹52 crore from Hindustan Media Ventures, the investment arm of HT group and from the family office of Infosys co-Founder Kris Gopalakrishnan. This capital would be used for growing its lending and payments business, it said in a press statement. The company plans to…
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