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Venture capital firm Peak XV Partners has exited digital payments company MobiKwik through a block deal valued at around INR 130 crore, according to a report by Entrackr. The firm sold its entire 7.7 percent stake, amounting to nearly 60.6 lakh shares, at an average price of INR 214 per share.
With this transaction, Peak XV has fully divested its holdings in MobiKwik, where it had been an early investor. As of March 31, 2026, the firm held a 7.89 percent stake in the company.
The shares were acquired by a group of institutional investors, including Florintree Advisors, Viridian Asset Management, Dymon Asia and Karma Capital. The deal marks a significant ownership shift in the fintech company.
The development follows MobiKwik receiving approval from the Reserve Bank of India (RBI) for its non-banking financial company (NBFC) licence. With the approval, MobiKwik joins firms such as IndiaGold, Flipkart, Newtap, Lendingkart, KrazyBee and Capital Float in operating as regulated lenders.
The company has yet to announce its Q4 FY26 results. In Q3 FY26, it reported operating revenue of INR 289 crore and a profit of INR 4 crore, compared to a loss of INR 53 crore in the same period last year.
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