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MobiKwik’s Climb Gets Steeper
MobiKwik
is in a precarious position. Despite record GMV and improvement in gross margins, the fintech company’s Q1 FY26 numbers reflect a melancholy of declining revenues and widening losses.
- Operating revenue withered 18.6% YoY to INR 281.6 Cr
- Losses widened 6X YoY to INR 41.9 Cr
With weak fundamentals, Bipin Preet Singh’s MobiKwik is desperate to break even by Q4 FY26. But, something seems to be holding it back.
Stuck In The Middle: In India’s fintech hierarchy, MobiKwik is in an uncomfortable…
