Tech
MobiKwik To Infuse INR 10 Cr In NBFC Arm
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SUMMARY
MobiKwik said that infusion will be utilised to enter leasing and hire-purchase deals for assets such as machinery, equipment, vehicles, ships, aircraft and factories
The company will be investing the amount in the subsidiary in one or more tranches by October 10
MobiKwik’s net loss zoomed 6X YoY toINR 41.9 Cr in Q1 FY26 while its top line declined 21% YoY to INR 271.4 Cr during the quarter under review
About five months after entering the NBFC business, fintech…
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