The corporate-backed mobile wallet provider has secured a blend of debt, equity and warrant financing totalling $29.7m from an investor called MK SPV IX.

MobiKwik, an India-based digital payment platform developer backed by corporates Cisco, GMO, American Express, Bajaj Finance, MediaTek, Net1 and New Delhi Television, has secured Rs 2.3bn ($29.7m) in financing, Entrackr has reported. An investment entity called MK SPV IX has provided approximately $4.9m in equity funding, $14.8m in convertible debentures and $10m in warrant financing,…

The rest of this content is only accessible to Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.