One MobiKwik’s stock dropped by nearly 13% after reporting increased customer acquisition costs, fixed costs, and user incentives, resulting in net losses for the second straight quarter. The company saw growth in GMV and users but faces challenges in maintaining profitability, alongside an inflated stock price since its listing.
Profitable growth crucial for MobiKwik to keep ticking
Date:
More like thisRelated
Can the Private Sector Really Replace All Government Functions?
I can't stand big government, but I think we...
I went to the Severance pop-up in Grand Central Station. It was wild.
The "Severance" cast appeared in character in a glass...
How a digital tool brought Notre-Dame back to life in record time
5 years after a fire nearly destroyed Notre Dame,...