Indian digital payments startup One MobiKwik announced it is joining the IPO gang with a Mumbai debut that could raise up to $250m. Word on the street is the company is aiming for a September listing that could bring its valuation up to $1b!
The FinTech startup offers services like digital wallets, utility bill payments, and mobile top-ups. It currently boasts over 107 million users.
There is one more obstacle to face on the way to the finish line, though. MobiKwik will have to hold a pre-IPO funding round, paving the way for the billion-dollar goal.