Domestic mobile wallet platform MobiKwik on Thursday announced it will set up offices in 13 cities by the end of the first quarter of 2017 and hire over 1,000 people to drive business growth. The expansion will enable 150 million users in India transact with the MobiKwik platform by early 2018. Also Read - Mobikwik data leak: Personal data of 3.5 million users up for sale on dark web; company denies claimsAlso Read - Top 5 UPI apps you can use to transfer money in India: GPay, Paytm, more
“We will invest over Rs 50 crore in setting up new offices to cater to regional requirements and hire over 1,000 employees pan-India, across technical and non-technical requirements,” said Upasana Taku, Co-founder MobiKwik, in a statement.
Since demonetization, the company has added nine lakh merchants and one crore users in India. “Post demonetization, we have observed unprecedented growth and our expansion plans are in line with our vision to achieve Rs 1,000 crore Gross Merchandise Volume (GMV) in 2017,” Upasana added. The cities in which MobiKwik will expand its footprints are Mumbai, Pune, Bengaluru, Kolkata, Hyderabad, Chennai, Ahmadabad, Noida, Lucknow, Vijayawada, Kochi, Jaipur and Chandigarh. ALSO READ: MobiKwik to enable utility bill payments across India