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MobiKwik’s co-founder and payments chief resigns

Chandan Joshi, co-founder and CEO of the payments division at MobiKwik, resigned on Jan. 24, due to family commitments.

Joshi joined MobiKwik in 2018 as the head of online and offline business and became CEO of the payments division in September 2020.

Before MobiKwik, he worked at Credit Suisse and founded the logistics company Paketts in 2015.

MobiKwik, founded in 2009, is a digital banking platform offering services like digital wallets, UPI, and payment gateways.

The company went public in December 2024, listing its shares on the BSE at a 58.5% premium to the IPO price.

Recent MobiKwik developments

Timeline
10-Jan-2025 📉 MobiKwik reports Q2 loss, shares fall 6.84%
  • MobiKwik shares dropped 6.84% amid market dip
  • Q2 FY25 report shows net loss of 3.59 crore rupees
08-Jan-2025 💸 MobiKwik reports Q2 loss despite revenue growth
  • MobiKwik reports Q2 net loss of ₹3.59 crore.
  • Revenue up 42% YoY, but down 15% from Q1.
25-Dec-2024 📈 MobiKwik shares surge 18.87% despite market decline
  • MobiKwik shares surge 14.94% amid market decline
  • IPO raised funds for financial and AI/ML expansion
24-Dec-2024 📈 MobiKwik shares jump 12.57%, market cap hits $494m
  • MobiKwik shares rise 12.57% on Dec 23.
  • Q1 FY25 loss of ₹6.6 crore despite revenue growth.
18-Dec-2024 🚀 MobiKwik rises 82% in market debut

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