MobiKwik to acquire 3.39% in B2B infra platform Blostem for Rs 1.49 crore

Fintech firm MobiKwik on Friday announced it will acquire a 3.39 per cent stake in business-to-business (B2B) banking infrastructure platform Blostem for ₹1.49 crore.

The aggregate shareholding of the Gurugram-based listed firm in the platform is expected to grow to 6.79 per cent after the deal.

MobiKwik had entered into a share subscription and shareholders’ agreement with Blostem in March. It agreed to invest ₹3 crore in two tranches as part of its investment to acquire equity in the B2B platform.