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Venture capital firm Peak XV Partners has exited its investment in the listed fintech company MobiKwik through a block deal valued at ₹130 crore (approximately $13.8 million). This exit follows MobiKwik’s recent acquisition of an NBFC license from the Reserve Bank of India.
According to a Reuters report citing sources, Peak XV sold approximately 6.08 million shares at an average price of ₹214 per share. The shares were reportedly acquired by investment entities including Florintree Advisors, Viridian Asset Management, Dymon Asia, and Karma Capital.
Peak XV Partners held a 7.89% stake in MobiKwik as of the end of the March quarter. The firm declined to comment on the transaction.
MobiKwik’s shares saw a trading increase of 3.11% to ₹231.80 on the BSE, following an earlier surge of nearly 11% after the announcement of its NBFC license.
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