Bajaj Finance marks down MobiKwik's valuation to $279 mn
The Indian non-banking finance company Bajaj Finance has marked down the valuation of mobile wallet company MobiKwik to $279 million from the earlier valuation of $327 million. This comes after Bajaj Finance announced that it will increase its stake in MobiKwik to 12.60% from 10.83%. Founded in 2009, MobiKwik offers a wallet for shopping, peer-to-peer money transfer, and bill payments.