MobiKwik cut IPO size due to higher FY24 revenue: Co-founder Upasana Taku

MobiKwik, the fintech firm gearing for its listing, reduced its initial public offering (IPO) size this year as compared to its 2021 plans, on the back of higher operational revenue and a shift towards positive earnings before interest, taxes, depreciation, and amortisation (Ebitda) in financial year 2024 (FY24), a senior company executive said.