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Peak XV exits India's One MobiKwik in $13.8 million block deal, source says

Published by Global Banking & Finance Review

Posted on April 28, 2026

2 min read

· Last updated: April 28, 2026

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Peak XV exits India's One MobiKwik in $13.8 million block deal, source says
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Peak XV exits India's One MobiKwik in $13.8 million block deal, source says

Peak XV Partners' Exit from One MobiKwik: Key Details

By Vibhuti Sharma

April 28 (Reuters) - Venture capital firm Peak XV Partners exited Indian fintech firm One MobiKwik Systems in a block deal worth over 1.30 billion rupees ($13.76 million) on Tuesday, a source with direct knowledge of the matter told Reuters. 

Transaction Overview

Here are the details:

Share Sale Details

• Peak XV sold about 6.08 million shares, or roughly 7.7% equity, at an average price of 214 rupees per share, the source, who did not want to be identified as the transaction is confidential, said.

Buyers in the Block Deal

• Investment firms Florintree Advisors, Viridian Asset Management, Dymon Asia, and Karma Capital were among the buyers in the block deal, the source said.

Peak XV's Investment History

• Peak XV had been an early institutional investor in One MobiKwik and the sale marks its complete exit from the fintech firm following the block transaction, the source said.

Company Response

• One MobiKwik Systems did not immediately respond to a Reuters request for comment.

Exchange Rate Information

($1 = 94.4600 Indian rupees)

Reporting Credits

(Reporting by Surbhi Misra in Bengaluru; Editing by Harikrishnan Nair)

Key Takeaways

  • Peak XV’s exit marks its complete divestment in One MobiKwik, closing this secondary sale after earlier stake reductions such as a 1.55% bulk sale in December 2024 worth ₹82 crore (economictimes.indiatimes.com).
  • The deal underscores One MobiKwik’s continued appeal to institutional investors like Florintree, Viridian, Dymon Asia, and Karma Capital, highlighting sustained confidence in its fintech growth potential.
  • The exit comes amid Peak XV’s broader strategy—after raising $1.3 billion across India‑APAC funds in February 2026, the firm appears rebalancing liquidity across its portfolio (moneycontrol.com).

References

Frequently Asked Questions

How much did Peak XV Partners sell its One MobiKwik shares for?
Peak XV Partners sold its shares in One MobiKwik for over 1.30 billion rupees ($13.76 million).
What percentage of One MobiKwik equity was sold by Peak XV?
Peak XV sold about 7.7% of One MobiKwik's equity.
Who were the buyers in the One MobiKwik block deal?
Florintree Advisors, Viridian Asset Management, Dymon Asia, and Karma Capital were among the buyers.
Was this Peak XV’s complete exit from One MobiKwik?
Yes, the block transaction marked Peak XV’s complete exit from One MobiKwik.

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