Mumbai, Jan 5 (IANS) Domestic mobile wallet platform MobiKwik on Thursday announced it will set up offices in 13 cities by the end of the first quarter of 2017 and hire over 1,000 people to drive business growth.
The expansion will enable 150 million users in India transact with the MobiKwik platform by early 2018.
"We will invest over Rs 50 crore in setting up new offices to cater to regional requirements and hire over 1,000 employees pan-India, across technical and non-technical requirements," said Upasana Taku, Co-founder MobiKwik, in a statement.
Since demonetisation, the company has added nine lakh merchants and one crore users in India.
"Post demonetisation, we have observed unprecedented growth and our expansion plans are in line with our vision to achieve Rs 1,000 crore Gross Merchandise Volume (GMV) in 2017," Upasana added.
The cities in which MobiKwik will expand its footprints are Mumbai, Pune, Bengaluru, Kolkata, Hyderabad, Chennai, Ahmedabad, Noida, Lucknow, Vijayawada, Kochi, Jaipur and Chandigarh.
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.
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