India's MobiKwik denies acquisition talks with PayU, eyes fresh funding

India's MobiKwik denies acquisition talks with PayU, eyes fresh funding

(from left to right) MobiKwik CEO Bipin Preet Singh, MobiKwik COO Mrinal Sinha, MobiKwik co-founder and director Upasana Taku, Clearfunds founder and CEO Kunal Bajaj and Clearfunds COO Sarosh Irani

Digital payments service provider MobiKwik has denied holding acquisition talks with Naspers-backed payment gateway PayU, and is instead eyeing a fresh fundraise, a company spokesperson told Mint without revealing names of investors.

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