Upasana Taku, cofounder and CFO of India-based fintech company MobiKwik, has purchased 1.07 lakh shares through open-market transactions, increasing her stake to 10.24%. This move comes as the company shows signs of financial recovery and regulatory progress despite recent challenges.
- Upasana Taku increased holding to 10.24% by buying 1.07 lakh shares
- MobiKwik posted ₹7.6 Cr profit in Q1 FY27 against previous losses
- Company received RBI nods to operate as physical and online payment aggregators
What happened
Upasana Taku, the cofounder and chief financial officer of MobiKwik, purchased 1.07 lakh shares of the publicly listed fintech company in two tranches, spending a total of ₹2.1 crore. This acquisition increased her shareholding to 10.24% from 10.11%. Since the company’s IPO in December 2024, Taku has cumulatively bought nearly 2.94 lakh shares, including earlier purchases in December 2025 and September 2026.
The purchases come amid market volatility for MobiKwik shares, which have surged 26.6% over six months but are still down over 15% year to date. The stock gains correspond to positive regulatory developments and improved financial performance, signaling growing confidence from the company’s leadership.
Why it matters
MobiKwik’s recent financial turnaround is underscored by reporting a consolidated net profit of ₹7.6 crore for Q1 FY27, reversing a net loss of ₹41.9 crore in the same quarter the previous year. Revenue growth was modest but steady, increasing by 3.7% to ₹281.5 crore. These figures reflect operational improvements and suggest increased stability for investors and stakeholders.
What to watch next
Investors and market watchers will be closely monitoring MobiKwik’s ability to sustain profitability and revenue growth while expanding its regulated payment services. The company’s progress in leveraging its new RBI licenses will be critical to its long-term business model and competitiveness within India’s fintech space.
At the same time, regulatory challenges related to the P2P lending product Mobikwik Xtra—where FIRs were registered over allegations involving withdrawal blocks and fund misuse—remain a concern. The company’s responses and regulatory outcomes could impact market sentiment and operational risk going forward.