MobiKwik turns unicorn with $1 bn valuation ahead of IPO: Report

Fintech startup MobiKwik has reportedly become a unicorn at a valuation of around $1 billion ahead of its ₹1,900 crore IPO. This comes after a recent secondary ESOP sale round led by former Blackstone India head Mathew Cyriac, PTI reported. MobiKwik employees exercised their ESOPs in a recently opened window by selling part of their shares in the secondary sale.