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SUMMARY
MobiKwik has set up an wholly owned subsidiary Mobikwik Securities Broking Private Limited to take on the likes of Zerodha and Groww
MSBPL has initial paid-up share capital of INR 1 Lakh. MobiKwik plans to pump in INR 2 Cr in the subsidiary in one or more tranches
MobiKwik has a user base of INR 17.2 Cr and it would look to leverage this to gain a big share of the country’s fast-growing investment tech market, expected to become a $74 Bn opportunity by 2030
Fintech major MobiKwik
has become the latest entrant to…
