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SUMMARY
MobiKwik has obtained the board’s nod to incorporate and invest in one or more wholly-owned subsidiaries as the fintech company aims to expand its business
This comes days after MobiKwik’s cofounders said in a post-earnings call that the company is looking to foray into the insurance aggregator and insurance distribution segments
MobiKwik posted a net loss of INR 55.28 Cr in Q3 FY25 against a profit of INR 5.27 Cr, impacted by lower financial services revenue and higher lending-related costs
Fintech company
