Mobikwik Sees Revenue Run Rate Doubling This Fiscal

NEW DELHI: Digital payment solutions firm MobiKwik aims to double its revenue run rate to Rs 4,000 crore in the current fiscal as it sees a pickup in usage of its mobile wallet user base and increases partnerships in the country.

The company expects 20-25 per cent of its revenue run rate to come from the travel vertical.

Revenue run rate is a term used in online retailing to indicate total value of merchandise sold over a time-frame.

The company has recently tied up with firms like MakeMyTrip, Cleartrip,Yatra.com and Goibibo, where users can pay for hotel and transport bookings via MobiKwik wallet.

"Travel is one of the biggest segments in online commerce and we expect it to account for a significant proportion. We expect to facilitate travel and hotel bookings worth Rs 200 crore over the next 12 months," MobiKwik Founder and CEO Bipin Preet Singh told PTI.
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