×
109
Fashion Jobs
LIMEAPPLE APPAREL
Ecommerce Expert With Digital Marketing Skills
Permanent · CHENNAI
NIKE
sr. HR Operations Specialist
Permanent · Bengaluru
L'OREAL GROUP
Senior Manager - Digital Marketing & D2C, Kerastase
Permanent · Mumbai
NIKE
Senior Dynamic Application Security Tester – Cis, Icc, India
Permanent · Bengaluru
PUMA
Senior Manager - Golf Sales (Cpg-Cobra Puma Golf)
Permanent · Bengaluru
PUMA
Manager - Accounts Payable
Permanent · Bengaluru
PUMA
Senior Manager – Teamsport Sales
Permanent · Bengaluru
NIKE
Lead Technical Product Manager – p&m, Icc, India
Permanent · Bengaluru
PUMA
Manager – Warehouse Operations (Ecommerce)
Permanent · Gurugram
NIKE
Lead Product Manager, India – ed&a Icc
Permanent · Bengaluru
PVH
Manager, Business Solutions
Permanent · Bengaluru
NIKE
Identity And Access Management (Iam) Security Operations Engineer, India – Cis Icc
Permanent · Bengaluru
NIKE
Expert Security Incident Coordinator, India – Cis Icc
Permanent · Bengaluru
PUMA
Assistant Business Manager – Puma.Com
Permanent · Bengaluru
NIKE
Senior Software Engineer Iii – Retail Commerce Passplay, India - Consumer & Marketplace Icc
Permanent · Bengaluru
L'OREAL GROUP
Indirect Sourcing Manager
Permanent · Baddi
NIKE
Sap bi Lead Engineer – Sec Tech, Icc, India
Permanent · Bengaluru
NIYOSSHIC LUXURY CONSULTANCY
Social Media Intern
Internship · MUMBAI
SAAHRA
Graphic Design Summer Internships
Internship · NEW DELHI
HEMMING BEE
Fashion Production Intern
Internship · MUMBAI
HEMMING BEE
Fashion Production Intern
Internship · MUMBAI
BROADCAST THE COMPANY
Business Developement
Internship · MUMBAI
Published
Jan 4, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Mobikwik revenue up 93 percent, losses mount to Rs 203 crore

Published
Jan 4, 2019

Digital financial services platform Mobikwik saw its revenue increase 93 percent to Rs 86 crore (approx $12.3 million) in the fiscal year 2018 as compared to Rs 44 crore it had posted in the last fiscal.
 

Mobikwik revenue up 93 percent, losses mount to Rs 203 crore - Mobikwik - Facebook


Even though the company witnessed strong growth in its revenue, its losses widen to Rs 203 crore for the fiscal year from Rs 133 crore it had posted during the last financial year.
 
The company’s employee expenses also increased to Rs 49 crore in FY2018, from Rs 26 crore in the previous fiscal, as per filings with the corporate affairs ministry.

“By end of the financial year 2019, we are on track to double our revenues of 2017–18 and halve our losses. October onwards, we became positive on contribution margin, a milestone that no other fintech platform of reasonable scale in India has been able to reach. We believe our new efforts in 2018 will lead to our first profitable year at significant scale,” Bipin Preet Singh, chief executive officer at Mobikwik, said.
 
Mobikwik has been investing heavily to increase its customer base in the country and expects to break-even in the next 18 to 24 months.
 
Mobikwik is one of the leading players in the digital payments space backed by investors like South Africa's payments major Net1, Sequoia Capital and American Express among others which hold a significant stake in the company.

Copyright © 2021 FashionNetwork.com All rights reserved.