MobiKwik said that an ex-employee of the company defrauded the company of INR 1.26 Cr by altering merchant details The company said that the ex-employee, Gaurav Sharma, siphoned off the amount from ...

When MobiKwik listed last December, it was at the tail end of a cycle for startup IPOs that has not yet revived. Nevertheless, it was seen as a coming of age for the Delhi NCR-based fintech company.

MobiKwik, an Indian financial services startup, has cut the size of its planned IPO for the third time, setting a price band of ₹265 to ₹279 ($3.1 to $3.3) that values it at $250 million — down ...