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MOBIKWIK TO SET UP 13 OFFICES PAN-INDIA

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Company to invest over Rs. 50 crores and hire 1000 employees in the next quarter to support its expansion plans and drive business growth
Mumbai; January 5, 2017: Indian mobile wallet major, MobiKwik today announced the company’s expansion strategy and plans for growing business to enable 150 mn users in India in transacting with MobiKwik platform by early 2018. The company has announced that it will set up offices in 13 cities by the end of Q1 2017 and hire over 1000 employees to drive business growth in these centres.
Speaking on the announcement, Upasana Taku, cofounder of MobiKwik said, “We will be investing over Rs. 50 crores in setting up new offices to cater to regional requirements and will be hiring over 1000 employees, pan India, across technical and non-technical requirements.”
The cities in which MobiKwik will be expanding its footprints are Mumbai, Pune, Bangalore, Kolkata, Hyderabad, Chennai, Ahmedabad, NOIDA, Lucknow, Vijayawada, Kochi, Jaipur and Chandigarh.
“Post demonetization, we have observed unprecedented growth and our expansion plans are in line with our vision to achieve Rs. 1000 crore GMV in 2017.” Upasana added.
MobiKwik has been on a remarkable growth trajectory since November 2017. The company has added 9 lakh merchants and 1 crore users within the past 2 months. MobiKwik also received the license for Bharat Bill Payment System recently that enables the company to become a one stop for pan India utility and convenience bill payments, across sectors. MobiKwik has a network of over 10 lakh merchants and 45 million users.
About MobiKwik:
MobiKwik is an Indian wallet major with a network of more than 10 lakh direct merchants and over 45 million plus users. Founded in 2009 by Bipin Preet Singh and Upasana Taku, the company has raised three rounds of funding from Sequoia Capital, American Express, Tree Line Asia, MediaTek, GMO Payment Gateway, Cisco Investments and Net1.
MobiKwik aspires to be the largest source of digital transactions in India. It is powering e-payments for IRCTC, Uber, Meru Cabs, Big Bazaar, OYO Rooms, Zomato, PVR, Archies, WHSmith India, BookMyShow, Grofers, Big Basket, Dominos, Burger King, Pizza Hut, eBay, ShopClues, Myntra, Jabong, Pepperfry, Barista, Food Panda, Nearbuy, Van Heusen, Allen Solly, Louis Phillips, GoDaddy, MakeMyTrip.

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