Fintech startup MobiKwik files for Rs 700 Cr IPO with SEBI yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
Fintech startup MobiKwik files for Rs 700 Cr IPO with SEBI yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
Recent events have seen Mobikwik Systems Ltd., which Bipin Preet Singh and Upasana Taku co-founded, strategically reevaluate its plans for an initial public offering. The company decided to take a more simplified strategy and has lowered its aim to Rs 700 crore from the initial big Rs 1,900 crore.
The amendments, to be notified soon by the IT ministry, could mandate that platforms that use artificially intelligent algorithms or language models to train their machines, are free of biases.
This is Gurugram-based MobiKwik s second attempt towards an initial public offering (IPO) after it abandoned its listing plans on account of weak market conditions.