India’s booming buy-now-pay-later market just got a major shake-up. Snapmint, the BNPL startup that lets consumers pay through EMIs on UPI without a credit card, has raised a whopping $125 million in its Series B funding round led by global growth investor General Atlantic. Other participants included Prudent Investment Managers, Kae Capital, Elev8 Venture Partners, and existing angel…
India’s Fintech Hero Is Hitting a Wall — And Everyone’s Watching
Once considered a serious contender in India’s digital payments boom, MobiKwik is now facing one of its toughest phases yet.
As the rest of the startup ecosystem begins to bounce back from a brutal funding winter, MobiKwik’s road is only getting steeper — and time may be running out.
What’s Going Wrong with…
India’s fintech poster child MobiKwik just reported its most jaw-dropping quarterly performance yet—and not in a good way.
In its Q1 FY26 update, the digital payments platform revealed a massive 6X surge in losses, alongside a 20.8% drop in revenue. That’s not just a dip—it’s a full-blown nosedive.
If you thought the fintech sector was cooling off, MobiKwik just confirmed it.
Revenue…
