🇮🇳 Roundup: IPO-bound Mobikwik’s revenue climbs 86%

Startups in India, including Money View and Wellcurve, raised at least US$75 million in funding today from local and international investors.

Here’s a snapshot of the fundraising:

Here’s some important tech news from India today:

Mobikwik reports strong revenue growth

The fintech firm said its revenue for the nine months ending December 2021 grew 86% year over year from a year ago.

The company said it recorded strong growth in gross merchandise value (GMV) across its business segments, with consumer payments and payment gateway units clocking a growth of 144% and 212%, respectively. Its buy now, pay later business grew 840% from a year earlier.

Mobikwik last year announced that it had deferred plans to launch an IPO in the aftermath of Paytm’s IPO flop. Mobikwik will take a call on a public listing once markets stabilize, MobiKwik co-founder Upasana Taku told The Economic Times.

Deliveroo to set up engineering center in India

The UK-based food delivery firm will reportedly set up an engineering center in Hyderabad.

The center will employ more than 150 engineers across verticals, including automation, machine learning, and data analytics, by the end of this year.

Deliveroo joins a growing list of international firms like Grab and Gojek that have set up a center in India without rolling out their services in the country.

Follow the rest of our India coverage here.