India’s MobiKwik Eyes $84 Million with Peak XV’s Support in Upcoming IPO

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Indian financial services startup MobiKwik seeks to raise about $84.2 million through issue of new shares in an initial public offering in the home market, it said in a draft prospectus filed with the local markets regulator Friday. This is the second time MobiKwik has filed the paperwork for an IPO. It does plan to raise about $16 million in a pre-IPO round, it said. SBI Capital and DAM Capital are the lead book running managers for the IPO process, the prospectus said. MobiKwik is the latest Indian startup that is looking to go public this year.