Mobikwik defers IPO amid fintech scrutiny

Mobikwik’s cofounder and CEO Bipin Preet Singh said on Tuesday that his company which was earlier planning to go public in November may wait longer. Singh told news agency Reuters that Mobikwik, a digital payments firm, will wait till the time it feels the company can execute a ‘successful IPO’. ET had reported on Tuesday that Mobikwik was looking to delay its IPO by two to three months and it may even spill over to the next financial year as it was unable to draw investor interest.