The corporate-backed mobile payment platform is reportedly in talks with BlackRock, Bank of Baroda and Canara Bank for funding at a $1bn valuation.
MobiKwik, an India-based mobile payment technology provider backed by a range of corporate investors, is in the advanced stage of talks to raise more than $100m in funding, LiveMint reported yesterday.
The prospective investors are investment management firm BlackRock and Indian state-backed financial services firms including Bank of Baroda and Canara Bank, according to a person with direct knowledge of the matter, who added that the round will value MobiKwik at about $1bn.
MobiKwik operates a mobile wallet-based payment system…
