MobiKwik co-founder lifts stake to 10.24% with $255K share buy
What's the deal? Upasana Taku, co-founder and executive director of One MobiKwik Systems, bought 107,000 equity shares in the fintech firm for about US$287.9K through open-market trades on the National Stock Exchange (NSE)Dealroom has a profile for this one. Try Dealroom →. The purchases lift her personal stake to 10.24% from 10.11%.
The details: Taku acquired the shares across two consecutive sessions on September 28 and 29, at roughly US$2.69–US$2.7 each. Her holding rose from 7,957,670 shares to 8,064,670 shares.
Why now? The buy follows MobiKwik's turn toward operating profitability. It reported a consolidated net profit of US$1.03M on quarterly revenue of US$38.2M in Q1.
The bigger pattern: Since MobiKwik's IPO, Taku has bought 294,177 shares on the open market, including 187,177 in December 2025. Regulatory filings confirm no member of the promoter group has sold shares post-listing.
The signal: Insider buying tends to read as a vote of confidence, especially for Indian new-age tech firms, where venture backers often exit after lock-in periods and public markets reprice. Taku's steady accumulation points the other way.
Read more: lapaasvoice.com
Image credit: pr_ip
