Peak XV Partners Exits MobiKwik Fully In ₹130 Crore Block Deal

Peak XV Partners has sold its entire stake in One MobiKwik Systems, exiting the fintech company through a block deal worth over ₹130 crore on Tuesday, a day after MobiKwik's shares surged on the back of a Reserve Bank of India (RBI) licence approval.

The transaction involved 60.8 lakh shares, representing roughly 7.7% of MobiKwik's equity, sold at an average price of ₹214 per share. Buyers in the block deal included Florintree Capital, Viridian Asset Management, Dymon Asia and Karma Capital, according to market participants.

At 12:33 PM on 28 April, One MobiKwik Systems Ltd shares were trading at ₹232, up more than 3%.

Peak XV Makes Timely Exit After MobiKwik Rally

The exit came within 24 hours of MobiKwik announcing that the Reserve Bank of India had approved its non-banking financial company (NBFC) licence. The update pushed the stock higher. Shares jumped around 18% on Monday, giving Peak XV a clear window to exit.

Peak XV was an early institutional backer of MobiKwik and had held its position through the company's listing and subsequent price swings. With Tuesday's block deal, it has fully cleared its position.

After the Abu Dhabi Investment Authority sold its stake in September 2025, Peak XV had remained the last private equity investor on the cap table.

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What MobiKwik Gets From The Licence

The approval from the Reserve Bank of India lets MobiKwik set up a lending arm. It will be called MobiKwik Financial Services Private Limited.

This unit gives the company more control. It can design and offer credit products on its own, instead of relying on third-party lenders.

The focus stays on consumers, merchants and small businesses. Both secured and unsecured loans are part of the plan.

Operations will start after the company receives the certificate of registration from the Reserve Bank of India.

Sources:

NDTV

Reuters