MobiKwik Gets Board Nod To Set Up New Units Amid Plans To Foray Into Insurance Distribution

MobiKwik has obtained the board’s nod to incorporate and invest in one or more wholly-owned subsidiaries as the fintech company aims to expand its business

This comes days after MobiKwik’s cofounders said in a post-earnings call that the company is looking to foray into the insurance aggregator and insurance distribution segments

MobiKwik posted a net loss of INR 55.28 Cr in Q3 FY25 against a profit of INR 5.27 Cr, impacted by lower financial services revenue and higher lending-related costs

Fintech company