MobiKwik has announced the company’s expansion strategy and plans for growing business to enable 150 mn users in India in transacting with MobiKwik platform by early 2018. The company has announced that it will set up offices in 13 cities by the end of Q1 2017 and hire over 1000 employees to drive business growth in these centres.
Speaking on the announcement, Upasana Taku, cofounder of MobiKwik said, “We will be investing over Rs. 50 crores in setting up new offices to cater to regional requirements and will be hiring over 1000 employees, pan India, across technical and non-technical requirements.”
The cities in which MobiKwik will be expanding its footprints are Mumbai, Pune, Bangalore, Kolkata, Hyderabad, Chennai, Ahmedabad, NOIDA, Lucknow, Vijayawada, Kochi, Jaipur and Chandigarh.
“Post demonetization, we have observed unprecedented growth and our expansion plans are in line with our vision to achieve Rs. 1000 crore GMV in 2017.” Upasana added.
MobiKwik has been on a remarkable growth trajectory since November 2017. The company has added 9 lakh merchants and 1 crore users within the past 2 months. MobiKwik also received the license for Bharat Bill Payment System recently that enables the company to become a one stop for pan India utility and convenience bill payments, across sectors. MobiKwik has a network of over 10 lakh merchants and 45 million users.