Afternoon D & C Dedicated To Mumbai
Home > Business & Investment > MobiKwik to invest Rs 50 cr, hire 1k people by March

MobiKwik to invest Rs 50 cr, hire 1k people by March

Monday, January 09, 2017

Digital payments firm MobiKwik has said it will invest over Rs 50 crore and hire 1,000 people during this quarter as it looks to expand its footprint across cities like Ahmedabad, Lucknow and Vijayawada among others. Aimed at enabling 150 million users in India to transact on its platform by early 2018, MobiKwik is setting up offices in 13 cities by the end of the first quarter of 2017.

"We will be investing over Rs 50 crore in setting up new offices to cater to regional requirements and will be hiring over 1,000 employees, pan India, across technical and non-technical requirements," Mrinal Sinha, COO, MobiKwik said.These cities include Mumbai, Pune, Bangalore, Kolkata, Hyderabad, Chennai, Ahmedabad, Noida, Lucknow, Vijayawada, Kochi, Jaipur and Chandigarh."Post demonetisation, we have observed unprecedented growth and our expansion plans are in line with our vision to achieve Rs 1,000 crore GMV in 2017," he said. The Sequoia Capital-backed company has a network of over 10 lakh merchants and 45 million users.

COMMENTS
No Comments Posted
POST YOUR COMMENTS
Name:  
 
Email:    
Comments:
 
 
I am a robust, healthy man in my early thirties.
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Astrology
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)Difficulties at work will have to be resolved with a totally new approach. Past experience may not be of much help. You will have to look for answers and be patient. Keep relationship cordial both at home and at work. An outing or social get-together could leave you feeling drained.
- Advertising -
The best thing about cosy hotels is the luxury th
Have you wondered how your body manages to pile o
There’s nothing that captivates us like a well-wr
Read More