Peak XV Exits Mobikwik in Rs 130 Cr Block Deal

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Apr 28, 2026 11:47

Peak XV Partners fully exits Mobikwik for Rs 130 crore in a block deal, realizing three times its initial investment. Florintree and others buy stakes.

Peak XV Exits Mobikwik in Rs 130 Cr Block Deal

Photograph: Kind courtesy Mobikwik/Instagram

New Delhi, Apr 28 (PTI) Venture capital firm Peak XV Partners has fully exited from fintech firm One MobiKwik Systems through a block deal of over Rs 130 crore, sources aware of the development said.

According to sources, Peak XV was one of the early investors in the firm and exited at three times of its investment value.

"Peak XV Partners has sold around 61 lakh shares, about 7.7 per cent of the company share capital, at an average sale price of Rs 214 share apiece. The total deal size is close to Rs 130 crore. With this sale, Peak XV has completely exited from the firm," a source said.

A query sent to Peak XV and One Mobikwik elicited no immediate reply.

Florintree, Viridian Asset Management, Dymon Asia and Karma Capital have bought stakes from Peak XV.

The development comes a day after the company announced RBI granting a NBFC license for its new subsidiary- MobiKwik Financial Services Pvt Ltd.

Source: PTI By Rediff Money Desk, New Delhi

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