MobiKwik Parent Company Loses Key Investor in Rs 130 Crore Block Deal

MobiKwik Shares Surge as Peak XV Exits in Block Deal

Shares of One Mobikwik Systems continued their upward trend on Tuesday, trading at Rs 232.40, up Rs 7.42 or 3.30% in noon trade, according to the latest NSE data.

The stock's gain comes on the heels of a Reuters report that venture capital firm Peak XV Partners has exited the fintech firm in a block deal worth over Rs 130 crore ($13.76 million). As of March 31st, 2026, Peak XV held a 7.89% stake in One Mobikwik Systems, according to exchange data.

The block deal saw Peak XV sell approximately 60.8 crore shares, or roughly 7.7% equity, at an average price of Rs 214 apiece, the report said. The sale marks Peak XV's complete exit from the fintech firm following the block transaction.

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Investment firms Florintree Advisors, Viridian Asset Management, Dymon Asia, and Karma Capital were among the buyers in the block deal, according to a source cited by Reuters.

The sale of Peak XV's stake in One Mobikwik Systems comes on the heels of a previous surge in the stock, which rose up to 15% on April 27 after the company announced that MobiKwik Group had received approval from the Reserve Bank of India for a non-banking financial company (NBFC) licence.

The RBI approval marks a significant milestone in the Group's journey to deepen its financial services offerings, according to a statement from MobiKwik. The licence will enable the company to roll out lending products faster and improve margins by bringing credit operations in-house.

MobiKwik Financial Services Private Limited (MFSPL), a wholly owned subsidiary, will be established to expand the company's regulated lending capabilities, design innovative credit products, and serve a broader base of consumers and merchants with greater efficiency and control. This move aligns with the company's long-term vision of building a full-stack fintech platform focused on accessible and technology-led financial products.

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