MobiKwik co-founder Upasana Taku buys 1.07 lakh shares for ₹2.12 crore

MobiKwik's chief financial officer, Upasana Taku, has acquired 1.07 lakh shares of the fintech company through multiple open-market transactions, as reported in a filing with the exchanges. The shares were purchased in two separate tranches, 55,000 and 52,000 shares, amounting to a total of ₹2.1 crore. Taku's stake in the company has risen from 10.11% to 10.24%.

Over the past six months, MobiKwik shares have surged by 26.6%, though the stock remains down 15.38% year-to-date. This increase in Taku's shareholding is likely driven by the company's recent positive developments, including the re-introduction of merchant discount rate (MDR) on high-value UPI payments and a healthy financial performance.

In Q1 FY27, MobiKwik reported a consolidated net profit of ₹7.6 crore, compared to a net loss of ₹41.9 crore in the corresponding quarter of the previous year. The company's operating revenue also grew marginally by 3.7% to ₹281.5 crore from ₹271.4 crore in Q1 FY26. Additionally, MobiKwik received in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator-physical (PA-P) licence in May and its subsidiary Zaakpay ePayment Services Pvt Ltd also received RBI clearance to function as an online payment aggregator in April.