Digital payments solutions startup MobiKwik has raised about $13.3 million (Rs 100 crore) in funding from Bennett Coleman and Company Limited (BCCL) ahead of its planned initial public offering (IPO), Inc42 reported.
As part of the transaction, MobiKwik has issued 8,83,159 equity shares to Bennett Coleman and Company Limited, the parent company of Times Group. Post the latest infusion, Bennett Coleman and Company Limited will hold 2.63% on a fully diluted basis, the report said.
