Venture capital firm Peak XV Partners sold MobiKwik's shares in a block deal on Thursday (December 26) for INR 81.63 crore

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According to NSE statistics, the investment entity, Peak XV Partners Investment Holdings III, sold 12.01 lakh shares at INR 679.38 each

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As of December 16, the investment entity owned 21.83 lakh shares in the company, representing a 2.81% stake

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Peak XV additionally has an additional 9.98% share in the company through another organization

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On December 19, Peak XV sold more than 7 lakh shares of the fintech startup for INR 579.37 each, for a total of INR 40.59 crore

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MobiKwik shares rose as much as 15% to a new all-time high of INR 698.30 per share during intraday trading on the BSE on Thursday (Dec 26)

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MobiKwik recently made its stock market debut with new issue of shares for INR 572 crore, with no offer for sale

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Company reported a net loss of INR 6.6 crore in Q1 FY25, compared to a net profit of INR 3 crore in Q1 FY24

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The operating revenue for the quarter under review was INR 342.2 crore

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It competes with Paytm, PhonePe, and Google Pay in India's growing fintech market

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