Informative

Mobikwik acquires 3.39% stake in Blostem Fintech for Rs 1.49 Cr

Update / Judgement Date

23 Feb 2025

Source

YourStory

Author

Team — WCP Legal Desk

Reading Time

1 min read

Merger & Acquisition

MobiKwik has acquired a 33.9% stake in Blostem Fintech for INR 149 crore. This acquisition highlights MobiKwik's strategic expansion into the fintech lending space. The move strengthens MobiKwik's portfolio of financial services. This acquisition reflects the growing consolidation within the fintech industry. It underscores MobiKwik's ambition to become a comprehensive financial platform. The deal is designed to enhance MobiKwik's lending capabilities.

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Mobikwik acquires 3.39% stake in Blostem Fintech for Rs 1.49 Cr

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