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Bajaj finance set to acquire 10.83% stake in MobiKwik

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.

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