Venture capital firm Peak XV Partners has fully exited fintech firm One MobiKwik Systems through a block deal worth over ₹130 crore, according to sources familiar with the development.
Notably, Peak XV, which backed the company as an early investor, achieved approximately three times return on its investment, highlighting a successful exit in India’s fintech ecosystem.
“Peak XV Partners has sold around 61 lakh shares, about 7.7% of the company share capital, at an average sale price of Rs 214 per share. The total deal size is close to Rs 130 crore. With this sale, Peak XV has completely exited from the firm,” a source said.
Meanwhile, institutional investors including Florintree Advisors, Viridian Asset Management, Dymon Asia, and Karma Capital have acquired stakes from Peak XV, thereby strengthening their presence in the fintech companies.
Importantly, this development follows closely after MobiKwik announced that the Reserve Bank of India granted a Non-Banking Financial Company (NBFC) license to its subsidiary, MobiKwik Financial Services Pvt Ltd. This regulatory approval is expected to enhance the company’s lending and financial services capabilities.
Consequently, the timing of the exit aligns with a significant milestone for MobiKwik, as it continues to expand its fintech offerings and strengthen its regulatory position in India’s competitive digital payments and lending market.
Peak XV Partners’ complete exit from MobiKwik underscores strong investor returns in the fintech sector, while the entry of new institutional investors and the NBFC license approval signal continued growth potential for the company in India’s evolving financial services landscape.