According to reports, Bajaj Finance has announced that it will acquire a 10.83% stake in digital wallet MobiKwik for about $35.4 million, with the valuation of the startup set at $327 million. Earlier, reports said MobiKwik was in talks with investors for six months to raise funds at a valuation of $1 billion. Last week, MobiKwik's rival FreeCharge was sold to Axis Bank for $60 million.
By Varun Vasudevan | Aug 3, 2017 8:47 PM #Bajaj #Finance #MobiKwik
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