MobiKwik Spins The Revenue Wheel

Paytm went through the fire soon after its listing, and now it’s MobiKwik’s turn. The Gurugram-based fintech company has seen a rough few months after listing.

Having peaked in the first week after its IPO, MobiKwik has been on a slide for the past three-plus months.

It has indeed been painful for those who have been holding MobiKwik since its listing. The stock hit a peak of INR 698.30 on December 26, 2024, but since then it has lost over 56% value and is currently trading at INR 304.85 as of Friday, March 28, 2025.

This quarter of…