IPO-bound MobiKwik raises ₹50 crore in debt funding from BlackSoil

Fintech startup MobiKwik has raised Rs 50 crore in debt from BlackSoil Capital. The development comes after the company refiled its DRHP with the SEBI to raise up to Rs 700 crore via IPO. MobiKwik turned profitable in the six months ending September 30, 2023, with a profit of Rs 9.48 crore on revenue of $29.3 million (Rs 381.09 crore).