India: Mobikwik secures $40m funding from Nasdaq-listed Net1

India: Mobikwik secures $40m funding from Nasdaq-listed Net1

Currently almost 30,000 tickets are booked daily through the IRCTC android app. Photo: Indranil Bhoumik/Mint

Gurgaon-based One MobiKwik Systems Pvt. Ltd, which owns and operates the virtual wallet MobiKwik, on Friday said that Nasdaq-listed firm Net1 will invest $40 million in the company, as part of a strategic partnership.

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