Venture capital firm Peak XV Partners has fully exited its investment in the fintech major One MobiKwik Systems. According to market sources, the firm completed a block deal worth approximately ₹130 crore, marking the conclusion of its long-standing association with the digital payments company.
As an early investor in MobiKwik, Peak XV Partners successfully divested its entire holding, reportedly achieving returns of roughly three times its initial investment value. The transaction involved the sale of approximately 61 lakh shares, representing nearly 7.7 percent of the company’s total share capital. The shares were offloaded at an average price of ₹214 apiece, aggregating to a total deal size close to ₹130 crore.
The shares acquired from Peak XV Partners have been picked up by a consortium of notable institutional investors, including Florintree, Viridian Asset Management, Dymon Asia, and Karma Capital. This movement of equity highlights continued interest from institutional players in the fintech sector as companies like MobiKwik mature and expand their service offerings.
This significant secondary market transaction occurs just a day after MobiKwik reached a crucial regulatory milestone. The company announced that the Reserve Bank of India (RBI) had granted a non-banking financial company (NBFC) license to its subsidiary, MobiKwik Financial Services Pvt. Ltd. This development is expected to strengthen the company’s ability to offer credit and financial services, diversifying its revenue streams beyond its core payments business.
While neither Peak XV Partners nor One MobiKwik Systems provided an immediate comment on the transaction, the exit signals a transition in MobiKwik’s ownership structure as it pivots toward new growth opportunities in the financial services space. For Peak XV, the exit represents a successful realization of capital after being an early backer of the startup, further solidifying its track record in the Indian fintech ecosystem.
