MobiKwik raises $50 mn led by MediaTek, others
Gurgaon-based mobile wallet company MobiKwik has raised $50 million in the Series C round of funding led by Japan’s GMO Payment Gateway and Taiwanese semiconductor company MediaTek. Existing investors Sequoia Capital and Tree Line Asia also participated in the round. Founded in 2009 by Bipin Preet Singh and Upasana Taku, MobiKwik has so far raised a total of around $86.8 million.