New Delhi, September 01, 2025: The Abu Dhabi Investment Authority (ADIA) has fully exited its investment in fintech firm MobiKwik, offloading 16.44 lakh shares, or about 2.1% of the company, through open market transactions. The sovereign wealth fund earned approximately ₹39 crore, with shares sold at an average price of ₹238.45 apiece, coinciding with a sharp upswing in the stock.
ADIA’s Investment in MobiKwik
ADIA first invested in MobiKwik in 2021, infusing ₹14.89 crore at a valuation of $700 million. The fund held 2.8% of the company at the time of its IPO. Shares of the digital payments and credit platform listed in December at a 58.5% premium, with the IPO oversubscribed nearly 119 times, underscoring initial investor enthusiasm.
However, post-listing performance has been volatile. MobiKwik’s stock has fallen 61% year-to-date and remains 47% below its listing price of ₹442.25. Weak financial performance and persistent losses have weighed on investor sentiment, despite revenue growth in FY25.
ADIA Stake Sale in MobiKwik
According to exchange data, ADIA’s stake sale was absorbed by institutional buyers:
- 5 lakh shares were acquired by BoFA Securities for ₹12.2 crore.
- The remaining 11.44 lakh shares were picked up by Musigma Securities for about ₹28 crore.
MobiKwik’s stock closed Monday’s session at ₹237.25, up 7.94%, after briefly touching an intraday high. Trading activity spiked significantly, with 2.2 crore shares changing hands, far above the 20-day average of 7 lakh shares.
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Quick Fact:
- ADIA Exit: 16.44 lakh shares sold (2.1% stake)
- Value Realized: ₹39 crore
- Buyers: BoFA Securities, Musigma Securities
- Average Price: ₹238.45 per share
MobiKwik’s Struggles
Despite the mini rally, MobiKwik’s market trajectory reflects bearish investor sentiment. The company reported a net loss of ₹121.53 crore in FY25, compared to a profit of ₹14.1 crore the previous year. Losses widened in Q1 FY26 to ₹42 crore, a 535% year-on-year increase, while revenue dropped 21% YoY to ₹271.4 crore.
Investors have raised concerns over the sustainability of MobiKwik’s business model in the face of rising competition from larger fintech players such as PhonePe, Paytm, and Google Pay, which dominate India’s digital payments landscape.
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Investor Exit Signals Market Sentiment
Market analysts view ADIA’s complete exit as a reflection of cautious investor outlook in India’s fintech sector.
“Foreign institutional investors are adopting a selective approach toward Indian fintech. MobiKwik’s widening losses and declining revenues raise questions about its path to profitability,” said a senior Mumbai-based equity analyst.
At the same time, the strong demand from institutional buyers in this transaction suggests that certain funds still see short-term trading opportunities or potential value at discounted levels.
What’s Next for MobiKwik
While ADIA’s exit underscores concerns, MobiKwik continues to focus on expanding its credit-led financial services and digital wallet offerings. The company is expected to strengthen its partnerships and enhance its lending vertical to boost revenues.
Analysts note that sustained growth will depend on improving unit economics, reducing cash burn, and stabilizing investor confidence. With the broader Indian fintech sector projected to grow rapidly, MobiKwik’s ability to reverse its financial trajectory will determine whether it can regain market momentum.
Disclaimer
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