Peak XV Completes MobiKwik Exit, Sells 7.7% Stake for $13.8M

Gate News message, April 28 — Peak XV Partners sold its remaining 7.7% stake in Indian fintech firm One MobiKwik Systems for 1.3 billion rupees (US$13.8 million) on April 28, completing its full exit from the company.

The sale covered approximately 6.08 million shares at 214 rupees (US$2.3) per share. Buyers included Florintree Advisors and Dymon Asia. The transaction price was notably lower than Peak XV's previous stake sale a week after MobiKwik's IPO, when it sold a 1.55% stake at an average price of 679.38 rupees (US$7.2) per share, representing a decline of nearly 70%.