Peak XV Partners Exits MobiKwik in ₹1.3 Billion Block Deal
Venture capital firm Peak XV Partners has fully exited Indian fintech company One MobiKwik Systems through a block deal valued at over ₹1.30 billion ($13.76 million), according to a source familiar with the transaction. The deal, executed on Tuesday, marks the end of Peak XV’s early investment in the digital payments platform.
As part of the transaction, Peak XV sold approximately 6.08 million shares, representing about 7.7% equity in MobiKwik, at an average price of ₹214 per share. The buyers in the deal included investment firms such as Florintree Advisors, Viridian Asset Management, Dymon Asia, and Karma Capital, the source added.
The exit underscores a significant milestone for Peak XV, which had backed MobiKwik as an early institutional investor. One MobiKwik Systems did not immediately respond to a request for comment on the development.
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