{
  "id": 17896564,
  "title": "MobiKwik’s Q2 Snapshot, Pixxel Clears The Air & More",
  "url": "https://urgent.news/2026/11/03/mobikwiks-q2-snapshot-pixxel-clears-the-air-more",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-03T02:30:31.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/mobikwiks-q2-snapshot-pixxel-clears-the-air-more/"
  },
  "original_language": "en",
  "account": "MobiKwik reported its strongest quarterly profit in FY27, driven by a 9.4% YoY increase in operating revenue to ₹295.7 Cr. The fintech firm's expenses declined slightly by 1.8% YoY, leading to a record EBITDA profit of ₹22.7 Cr. MobiKwik's financial services business saw a significant rise, with higher loan disbursements and more lending partners, while the payments business experienced mixed results due to a transaction mix skewed towards lower-revenue transactions. Pixxel CEO Awais Ahmed clarified that the US subsidiary, Pixxel Federal, remains wholly Indian-owned, managing and controlled. The spacetech startup plans to go public in India in the future. Fireside Ventures co-founder Vinay Singh resigned after a decade-long tenure, planning to explore agentic commerce. ESDS reported a 40.7% YoY jump in net profit to ₹31.1 Cr, with operating revenue growing 48% to ₹138.3 Cr. The company secured a $1.25 Bn AI cloud infrastructure deal with an Australia-based provider. UPI transaction volume reached 25.47 Bn in October, marking a 5.8% MoM increase, driven by festive-season spending. Pronto founder Anjali Sardana's venture, Provision Labs, acquired Mumbai-based hardware startup Basilisk, bringing Watwani on board to lead hardware efforts. Indrajaal, a new AI startup, aims to build an integrated platform to detect, identify and neutralise hostile drones in real-time, securing India's airspace.",
  "summary": "MobiKwik Turns It Around MobiKwik minted its highest-ever quarterly profit in Q2 FY27. The record performance came on the back…",
  "key_points": [
    "MobiKwik reported strongest Q2 profit in FY27, 9.4% YoY revenue increase to ₹295.7 Cr",
    "Pixxel CEO confirms US subsidiary remains wholly Indian-owned, plans future IPO",
    "UPI transaction volume reached 25.47 Bn in October, 5.8% MoM increase"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}