Mobikwik Announces Acquisition Of Mutual Fund Investment Platform Clearfunds

MobiKwik said it would be investing $15 million (approximately Rs 112 crore) over the next year to scale up its wealth management business. "MobiKwik users will now be able to start their investing journey with as little as Rs. 100," Upasana Taku, Co-Founder and Director, MobiKwik, said in a statement. MobiKwik said its 107 million plus customers will soon be able to start saving in mutual funds seamlessly from their MobiKwik app in just a few clicks.