๐Ÿš€ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐Ÿ”ฅ
Login

Back

Chamarti Sreekar

Passionate about Pos...ย โ€ขย 3m

MobiKwik Acquires 3.39% Stake in Blostem Fintech One MobiKwik Systems is acquiring a 3.39% stake in Blostem Fintech for Rs 1.49 crore as part of the second tranche of a share subscription agreement. Earlier, MobiKwik invested Rs 1.5 crore in March 2024 for a 3.40% stake, committing a total of Rs 3 crore. Founded in 2021 by Ravi Jain and Sandeep Garg, Blostem is a B2B banking infrastructure platform specializing in FD aggregation. It partners with banks and NBFCs, offering seamless API-based financial integrations. Blostem reported Rs 30.76 lakh in revenue for FY24. Meanwhile, MobiKwikโ€™s revenue grew to Rs 269 crore in Q3 FY25, with its user base reaching 172 million and payment GMV doubling year-on-year to Rs 29,400 crore.

1 replies14 likes
1
Replies (1)

More like this

Recommendations from Medial

Image Description

mg

News & updatesย โ€ขย 3m

Jio Financial to acquire SBI stake in Jio Payments Bank for Rs 104.5 crore.

1 replies9 likes

Mahendra Lochhab

Content creatorย โ€ขย 10m

BLACKSTONE PLANS TO SUBMIT BID WORTH RS 40,000 CRORE TO ACQUIRE 51% STAKE IN HALDIRAM'S: REPORTS

0 replies5 likes
Image Description
Image Description

Mahendra Lochhab

Content creatorย โ€ขย 7m

Snacks maker Haldiram Bhujiwala has raised Rs 235 crore from Pantomath's Bharat Value Fund (BVF) in lieu of a minority stake through private placement.

2 replies14 likes
Image Description
Image Description

Mahendra Lochhab

Content creatorย โ€ขย 5m

In December 2024, the monthly SIP crossed Rs 26 thousand crore. In December 2023, it was Rs 17,610 crore, which increased by 50.25% to Rs 26,459 crore last month.

3 replies4 likes

Shreyas Ramdasi

Mechanical Engineerย โ€ขย 1y

Billionaire businessman Gautam Adani has increased his stake by 1.32% in Adani Enterprises from the open market in April to June quarter, a statement to stock exchanges stated on June 14.Adani Enterprises had reported a consolidated net profit of Rs

See More
0 replies6 likes

Piyu

.......ย โ€ขย 1m

๐Ÿšจ๐Ÿ”ฅ In FY24, - Zara India made Rs 2769 crore - Westside made Rs 4950 crore - Zudio made Rs 7000 crore Zara's AOV: Rs 4k to 4.5k Westside's AOV: Rs 1.5k to 2k Zudio's AOV: Rs 500 to 1k AOV ( AVERAGE ORDER VALUE)

0 replies9 likes

financialnews

Founder And CEO Of F...ย โ€ขย 7m

JSW Steel Q2 Results: 84% YoY Decline in PAT to Rs 439 Crore, Revenue Falls 11% JSW Steel Ltd Q2 Results: Net Profit Drops 84% YoY to Rs 439 Crore; Revenue Falls 11% to Rs 39,684 Crore. One-Time Charge of Rs 342 Crore Impacts Earnings; Operating EBI

See More
0 replies1 like

Download the medial app to read full posts, comements and news.