Peak XV Partners exits MobiKwik stake through 130 crore block deal. The venture capital firm sold 6.08 million shares at 214 rupees per share, completely offloading its 7.89% holding in the listed fintech company. Institutional investors including Florintree Advisors, Viridian Asset Management, Dymon Asia, and Karma Capital acquired the shares. The exit comes a day after MobiKwik received its NBFC license from the Reserve Bank of India, a significant regulatory milestone for the company. MobiKwik shares surged 11% following the RBI license announcement and were trading 3.11% higher at 231.80 rupees on the BSE. The timing of Peak XV's exit suggests confidence in the company's regulatory standing and growth trajectory under its new license.
