MobiKwik was founded in 2009[11] by husband and wife team Bipin Preet Singh and Upasana Taku.[2][12] Singh, a 2002 graduate of IIT Delhi, saw an opportunity to improve mobile recharge options. He seeded the company, developed the website and payment options, and rented office space in Dwarka, Delhi.[13] The initial service was a website with a closed wallet facility, but over the years, MobiKwik extended their service to mobile apps.[14] The company initially partnered with online merchants to make their wallet available as a payment option on e-commerce sites.[15]