Bajaj Finance to buy 10.8% stake in MobiKwik for â¹225 crore
Bajaj Finance on Wednesday said it'll acquire a 10.83% stake in digital wallet MobiKwik for about $35.4 million (â¹225 crore), valuing the startup at $327 million. Earlier, reports said MobiKwik was in talks with investors for six months to raise funds at a valuation of $1 billion. Last week, MobiKwik's rival FreeCharge was sold to Axis Bank for $60 million. 