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MobiKwik To Pick Up Additional 3.39% Stake In Blostem Fintech

Summary by Inc42 Media

Fintech major MobiKwik is acquiring an additional 3.39% stake in B2B banking infrastructure company Blostem Fintech Private Limited for INR 1.5 Cr. In an exchange filing, MobiKwik said, “The company intends to invest a total of INR 1,49,91,640 for 3.39% equity shares of Blostem in a second tranche of the share subscription and shareholders’ agreement dated March 13, 2024.” This acquisition is the second tranche of the share subscription and sha…

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MobiKwik acquires 3.39% stake in Blostem Fintech

One MobiKwik Systems, the parent company of fintech firm MobiKwik, is acquiring 3.39% of the share capital (on a fully diluted basis) of Blostem Fintech. According to MobiKwik, it intends to invest a total of Rs 1.49 crore for a 3.39% equity stake in Blostem as part of the second tranche of the share subscription and shareholders’ agreement dated March 13, 2024. In an earlier agreement, MobiKwik committed to investing Rs 3 crore in Blostem’s equ…

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