MobiKwik turns unicorn ahead of IPO
The Hindu
The company has received markets regulator SEBI's approval to launch an initial public offering, through which it plans to raise up to ₹ 1,900 crore.
fintech firm Mobikwik has turned unicorn after a recent secondary ESOP sale round led by former Blackstone India head Mathew Cyriac, sources aware of the development said on Tuesday.
MobiKwik employees exercised their ESOPs (Employee stock ownership) in a recently opened window by selling part of their shares in a secondary sale.
"The secondary round was led by ex-Blackstone India Head, Mathew Cyriac, who topped up his holding at almost double of his previous price," the sources said.
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