🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Mobikwik secures SEBI nod to launch stockbroking operations
Entrackr
·
29d ago
Medial
Mobikwik secures SEBI nod to launch stockbroking operations Fintech firm Mobikwik has received approval from the Securities and Exchange Board of India (SEBI) to operate as a stockbroker and clearing member through its wholly owned subsidiary, Mobikwik Securities Broking Private Limited (MSBPL). The regulatory clearance, granted under SEBI’s Stock Broker Regulations, 1992, allows the company to buy, sell, and deal in securities on behalf of clients, as well as carry out clearing and settlement of trades. MSBPL may also undertake other exchange-approved activities. Mobikwik had incorporated MSBPL in March 2025, marking its formal entry into the capital markets ecosystem. With this move, the company joins the crowded stock broking space dominated by platforms such as Groww, Zerodha, AngelOne, Upstox, and ICICI Direct. Groww currently leads the sector in terms of active user base, followed by Zerodha and AngelOne. The development signals Mobikwik’s continued push to diversify beyond payments into broader financial services. Soon after launching MSBPL, the company set up a wholly owned NBFC subsidiary, while another subsidiary, Zaakpay, received RBI approval to operate as a payment aggregator.
View Source
1
Related News
MobiKwik’s Zaakpay receives RBI nod to operate as online payment aggregator
Entrackr
·
3m ago
Medial
MobiKwik’s Zaakpay receives RBI nod to operate as online payment aggregator. Fintech company MobiKwik announced today that its subsidiary, Zaakpay, has received a certificate of authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator. This regulatory approval allows Zaakpay to expand its role in India’s rapidly growing digital payments ecosystem. As an RBI-authorised payment aggregator, Zaakpay will now be able to onboard merchants and facilitate online payment transactions in compliance with the central bank’s guidelines. In a regulatory filing, the company emphasized that this milestone enhances Zaakpay’s capacity to scale its operations and deepen its presence in the digital payments market. Recently, the Gurugram-based company forayed into the securities broking space with the launch of its wholly owned subsidiary, MobiKwik Securities Broking Private Limited (MSBPL). As of Q3 FY25, MobiKwik’s registered user base had grown to 172 million, along with a merchant network of 5 million. In the third quarter of the previous fiscal year, it reported revenue of Rs 269 crore and a loss of Rs 55.2 crore.
View Source
Ixigo gets SEBI nod for IPO; Oyo withdraws listing plans
Entrackr
·
1y ago
Medial
Le Travenues Technology Limited, which operates the travel booking platform ixigo, has received the final nod from SEBI for its initial public offering (IPO), the market watchdog notified on Wednesday. In February, Ixigo re-filed its draft red herring prospectus (DRHP) with SEBI for an IPO as the firm proposed to raise Rs 120 crore worth of fresh issue and an offer for sale (OFS) of up to 66,677,674 equity shares. As per DRHP, Elevation Capital, Peak XV Partners and the company’s co-founders Aloke Bajpai and Rajnish Kumar will participate in the offer for sale. The company will use the funds for investments in technology as well as data science, including cloud and server hosting, technology on artificial intelligence and customer engagement. For the nine months ending December 2023, Ixigo recorded Rs 491 crore in revenue from operations with a profit of Rs 65.7 crore. In FY23, its revenue from operations jumped 32% to Rs 501 crore from Rs 379.6 crore in FY22. It also turned profitable in FY23 with Rs 23.4 crore profit against Rs 21 crore loss in FY22. Meanwhile, hospitality firm Oyo has withdrawn its draft IPO papers. As per the SEBI’s website, Oyo parent Oravel Stays withdrew the document on May 17. The Ritesh Aggarwal-led company did not mention the reason behind the back out. Oyo had plans to raise up to $450 million through the sale of dollar bonds. As per a media report, Oyo is seeking funding to the tune of $80-90 million from family offices at an 80% valuation haircut. Earlier, travel tech platform TBO, co-working space provider Awfis and general insurance company Digit also received a nod from SEBI and got listed on the stock exchanges. In the past six months, a clutch of startups have filed their draft IPO papers and are waiting for the approval from SEBI. The notable names include Ola Electric, FirstCry, MobiKwik, and Unicommerce.
View Source
Capitalmind Secures SEBI approval to launch Mutual Fund
YourStory
·
3m ago
Medial
Capitalmind Financial Services Pvt. has received SEBI approval to launch Capitalmind Mutual Fund, aiming to bring quantitative investment strategies to retail investors. The Bengaluru-based firm's new mutual fund arm will extend its sophisticated, rules-based strategies to a broader audience, beginning with active equity funds. This development marks a strategic evolution, utilizing the firm's technology stack for efficient operations, as it joins India’s vibrant mutual fund industry to help more Indians achieve their financial goals.
View Source
Jio Financial Services Not A Threat To Zerodha: Nithin Kamath
Inc42
·
29d ago
Medial
Zerodha's CEO, Nithin Kamath, believes Jio Financial Services' entry into the stockbroking sector poses less of a threat compared to startups led by first-generation founders. Kamath highlights that these new founders, being deeply involved and innovative, represent more significant competition. While acknowledging Jio's strong distribution capabilities, he emphasizes that financial resources alone aren't enough to establish dominance in the stockbroking market. This statement followed JFS-BlackRock's recent acquisition of a SEBI broking license.
View Source
MobiKwik Gets SEBI Nod For INR 700 Cr IPO
Inc42
·
10m ago
Medial
MobiKwik, a fintech unicorn, has announced that its upcoming IPO will consist only of fresh equity shares and will not include an offer for sale component. The company plans to use the funds raised from the IPO to fuel the growth of its financial services segment and expand its payments business. Additionally, MobiKwik may also consider a pre-IPO placement of INR 140 crore.
View Source
MobiKwik faces criminal case for non-payment of dues to a vendor
Inc42
·
1y ago
Medial
Indian fintech unicorn MobiKwik, which recently filed its draft red herring prospectus (DRHP) with SEBI for its second IPO attempt, is facing a criminal case over non-payment of dues to a vendor. Xplore Private Limited has alleged that MobiKwik failed to clear 12 invoices, resulting in a loss of INR 1.61 crore. The complaint has been filed against MobiKwik and its directors. While the matter is currently pending in court, MobiKwik aims to raise INR 700 crore through a fresh issue of shares for business expansion and investment in AI and ML.
View Source
Mswipe Secures RBI Nod For Payment Aggregator Biz
Inc42
·
1y ago
Medial
Fintech company Mswipe Technologies has narrowed its net loss by 45% in the financial year 2022-23, as it received approval for a payment aggregator license from the Reserve Bank of India. With the license, Mswipe will offer payment technology solutions to businesses for accepting payments through multiple channels. The company aims to enhance its suite of offerings and deliver secure and user-friendly payment technology. Mswipe's revenue from operations also increased by 14%. Other fintechs, including PhonePe and Pine Labs, are still awaiting final approval for the payment aggregator license.
View Source
NSE waiting for SEBI nod to launch IPO, ready to begin process: CEO Ashish Chauhan
Money Control
·
1y ago
Medial
The National Stock Exchange (NSE) is waiting for approval from the capital markets regulator SEBI to proceed with its IPO process. Once SEBI is satisfied with NSE's operations, the exchange will be able to re-apply for its initial public offering. NSE's listing has been delayed due to corporate governance issues and technological failures in the past. The exchange reported a rise in net profit for the December quarter, aided by various sources of revenue.
View Source
Lenskart secures shareholder nod to raise Rs 2,150 crore via IPO - The Economic Times
Economic Times
·
5d ago
Medial
Lenskart's shareholders have approved an IPO to raise Rs 2,150 crore, with plans to file a draft red herring prospectus with Sebi soon. The eyewear company, valued at $6.1 billion, aims to join other firms seeking public funding. The shareholders also endorsed a new employee stock option plan. Lenskart reported a 43% rise in FY24 revenue and reduced net loss. The company continues to expand its omnichannel strategy, combining online and over 2,500 retail outlets.
View Source
MobiKwik refiles IPO papers, cuts issue size from ₹1,900 crore to ₹700 crore
Inshorts
·
1y ago
Medial
Fintech unicorn MobiKwik has refiled draft papers with the SEBI to raise ₹700 crore through the issue of new shares in an IPO. It is also aiming to raise ₹140 crore in pre-IPO placement, which will reduce the fresh issue size, if successful. MobiKwik initially filed papers to raise ₹1,900 crore in 2021, but deferred plans after market conditions worsened.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in