Private Equity investor Peak XV Partners has fully exited fintech firm MobiKwik after selling its entire 7.7% stake in a block deal valued at over Rs 130 crore, sources have exclusively told NDTV Profit. The sale involved 60.8 lakh shares, priced at an average of Rs 214 per share, market participants said. Buyers in the transaction included Florintree Capital, Viridian Asset Management, Dymon Asia and Karma Capital.
The exit comes shortly after MobiKwik announced that it had received a non-banking financial company (NBFC) licence from the Reserve Bank of India. MobiKwik shares surged about 18% on Monday in response.
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Following Abu Dhabi Investment Authority's exit in September 2025, Peak XV was the last remaining private equity fund on MobiKwik's cap table.
On Monday, One Mobikwik had received Reserve Bank of India approval for its NBFC application, the company confirmed in an exchange filing. This is a major milestone for the fintech company, as it means the entity can now operate as an NBFC. Mobikwik confirms that the license will now enable the company to launch a new lending division - MobiKwik Financial Services.
The arm will help Mobikwik expand its lending capabilities, design innovative credit products, and serve a broader base of consumers and merchants with greater efficiency and control, the company said.
This is a developing story.
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