MobiKwik Enters Stock Broking Segment

MobiKwik has set up an wholly owned subsidiary Mobikwik Securities Broking Private Limited to take on the likes of Zerodha and Groww

MSBPL has initial paid-up share capital of INR 1 Lakh. MobiKwik plans to pump in INR 2 Cr in the subsidiary in one or more tranches

MobiKwik has a user base of INR 17.2 Cr and it would look to leverage this to gain a big share of the country’s fast-growing investment tech market, expected to become a $74 Bn opportunity by 2030

Fintech major MobiKwik has become the latest entrant to…