Mobikwik’s gross revenue jumps to Rs. 184 crore

Mobikwik’s unaudited gross revenues grew to Rs. 184 crore during financial year 2019, against Rs. 85 crore in the year-ago period, on the back of its increased focus on offering financial products and services.

It did not report its net revenues for the said period.

Digital payments

Upasana Taku, co-founder of Mobikwik, told BusinessLine that going forward the company expects to growth its bottom-line and top-line from the financial products segment. At present, about 80 per cent of its revenue comes from the digital payment side. However, financial products contribute more towards the margins.