MobiKwik’s Uphill Climb Gets Even Steeper

MobiKwik is tightening costs and chasing profitability, with hopes to turn EBITDA-positive in the next couple of quarters, despite lagging rivals like Paytm and PhonePe

In the first quarter of FY26, MobiKwik posted revenue of INR 281.6 Cr, down 18.6% YoY but up 3.7% from the previous quarter. Losses widened to INR 41.9 Cr from INR 6.6 Cr a year earlier