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Chamarti Sreekar

Stealth • 1d

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, MobiKwik’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.

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Anonymous 1

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Idk why but the name Mobiquick sounds like some QC brand's name. Hope they don't pivot anytime soon

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