In the second quarter of FY2025, digital financial services platform MobiKwik reported a sharp widening of its net loss to INR 28.6 crore, marking an eightfold increase compared to INR 3.6 crore in the same quarter last year. The Gurugram-based fintech attributed the steep losses to higher marketing expenditure, product expansion costs, and investments in scaling its “Buy Now, Pay Later” (BNPL) and credit-focused offerings.
Despite the ballooning losses, MobiKwik’s revenue from operations saw an encouraging uptick, climbing 34% year-on-year to INR 211.4 crore from INR 158 crore in Q2 FY2024. The growth was primarily driven by strong traction across its credit products, digital payments, and
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