Tech
Mobikwik Q1 loss widens six-fold to Rs 42 crore, revenue falls 21%
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Fintech startup One Mobikwik Systems, which operates payments and financial services company Mobikwik, remained in the red as its net loss widened over six-fold to Rs 41.9 crore for the June quarter, from Rs 6.6 crore in the same period last year.
The Peak XV-backed company also reported a 20.7% year-on-year decline in operating revenue to Rs 271.3 crore.
Mobikwik’s performance was impacted by a sharp slowdown in its financial services segment, with revenue plunging 65% year-on-year, from Rs 170.7 crore in Q1 FY25 to Rs 58.3 crore in Q1 FY26.
A sharp…
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