The company said that Taku picked up the stake in two separate tranches of 55,000 and 52,000 shares. She lapped up the shares for a cumulative sum of ₹2.1 Cr
The cofounder is bolstering her shareholding even as MobiKwik shares continue to see volatility. The stock has zoomed 26.6% in the past six months, but is still down 15.38% on a YTD basis
With this, Taku’s shareholding in the company has increased to 10.24% from 10.11% previously
MobiKwik
cofounder and chief financial officer (CFO) Upasana Taku has picked up 1.07 Lakh shares of the listed fintech company via multiple open-market transactions.
In a filing with the exchanges, the company said that Taku picked up the stake in two separate tranches of 55,000 and 52,000 shares. She lapped up the shares for a cumulative sum of ₹2.1 Cr.
With this, Taku’s shareholding in the company has increased to 10.24% from 10.11% previously.
“Since the company’s IPO in December 2024, I have purchased a total of 2,94,177 equity shares, which includes 1,87,177 equity shares acquired in December 2025 and 1,07,000 equity shares acquired in September 2026,” Taku said in a filing with the exchanges.
The cofounder is bolstering her shareholding in the company amid volatility in MobiKwik shares. The stock has zoomed 26.6% in the past six months, but is still down 15.38% on a year-to-date (YTD) basis.
The gains have likely been attributed to the recent re-introduction of merchant discount rate (MDR) on high-value UPI payments and the company’s healthy financial show.
The fintech company reported a consolidated net profit of ₹7.6 Cr in Q1 FY27 as against a net loss of ₹41.9 Cr in the year-ago period. Meanwhile, operating revenue rose a marginal 3.7% to ₹281.5 Cr during the quarter under review from ₹271.4 Cr in Q1 FY26.
In May, it also received in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator-physical (PA-P) licence. A month earlier in April, the company’s subsidiary Zaakpay ePayment Services Pvt Ltd also received RBI’s nod to operate as an online payment aggregator.
Besides key regulatory clearances, MobiKwik has also come under the scanner for some of its other products. In May, Bengaluru Police registered two FIRs against the fintech firm and its lending partner Lendbox for allegedly blocking withdrawals, cheating investors and misusing funds via their P2P lending platform Mobikwik Xtra.
However, MobiKwik later clarified that it merely acted as a distribution partner for the P2P lending product offered by Lendbox.
Shares of MobiKwik closed Wednesday’s trading session 0.85% higher at ₹196.6 on the BSE.
Source: Inc42
