Peak XV Sells Stake in MobiKwik via INR 130 Crore Block Deal Exit

The listed fintech giant MobiKwik has been sold by venture capital firm Peak XV Partners in a block deal worth INR 130 Cr, or around $13.8 Mn. This happened the day after the fintech firm got its NBFC licence from the government. The average price per share for the 6.08 million shares sold by Peak XV was INR 214.

Viridian Asset Management, Florintree Advisors, Dymon Asia, and Karma Capital were the ones who snatched up the shares. Be that as it may, at the conclusion of the March quarter, Peak XV owned 7.89% of MobiKwik. Since its first investment in the fintech giant in 2013, the venture capital company has been progressively selling off its holdings in MobiKwik over the last several quarters.

MobiKwik all Charged up to Explore NBFC Sector

This most recent development takes place at a time when MobiKwik is working to strengthen its lending play. The company announced plans to expand its lending capacity, credit product stack, and customer base after yesterday's NBFC licence was granted by the RBI.

It is worth mentioning that last year, MobiKwik created Mobikwik Financial Services Private Ltd (MFSPL), its NBFC subsidiary. In October 2025, the subsidiary gained INR 9.99 Cr from the largest financial technology company. Peak XV owned a 12.79% interest in MobiKwik through two separate corporations when the business went public in December 2024. In a block trade that took place immediately upon the company's 2024 listing, the investor sold shares worth INR 81.63 Cr.

Financial Outlook of MobiKwik

The business achieved financial success in the third quarter of 2025 (Q3 FY26). In comparison to last year's corresponding quarter, when it lost INR 55.3 Cr, this year's consolidated net profit is INR 4 Cr. In comparison to the same period last year, its operating revenue increased by 7.2% to INR 288.9 Cr in Q3 FY26. When the Abu Dhabi Investment Authority left MobiKwik in September 2025, the only private equity firm left on the cap table was Peak XV.

The company further stated that entering the NBFC domain is in line with its long-term goal of creating a full-stack fintech platform that offers accessible financial products driven by technology. According to founder Bipin Preet Singh, the company is planning to start lending on its own books soon, which would lead to better profits and more efficiency.

At the moment, the business enables commercial loans on its platform and distributes personal loans in a variety of formats through its partner lenders. It formerly stated that it oversees essential components of the lending value chain, including sourcing, collections, and underwriting support.