Mobikwik losses surge 6X in Q1 FY26

Mobikwik, the fintech platform, has reported a six-fold surge in losses for Q1 FY26, reaching ₹42 crore. This comes despite the company's revenue from operations declining by 20.8% to ₹271 crore. The increased losses are primarily due to a significant rise in expenses, including payment gateway costs, employee benefits, and advertising, highlighting the financial challenges the company is facing amid a competitive market.