MobiKwik plans to expand its team by about 80-100 this year, spread across the engineering, marketing, finance, collections, and other teams.
Initially a payments firm, the company has expanded to offer investment, insurance, and credit products based on consumers’ buying behaviour. It aims to be a full-fledged digital bank for its 135 million customers and 4 million merchants.
“Last year, we grew our business by 80%, and we’ve had two very profitable quarters. We’re now looking for mature people to take responsibility for handling our growth, keeping risk in check, and scale across teams. We’re looking for someone senior to head the public policy team and are hiring branding talent, and of course, a majority of the hiring will be for the technology and engineering side,” Upasana Taku, cofounder of MobiKwik, said.
The business seeks mid-to-senior level personnel to help it grow its large businesses and more innovative new product lines. The hiring process will take place during the next six to eight months.
“For our newer product lines like insurtech, we’re looking for talent that has the capability to be agile and build things from scratch,” Taku said.
In terms of revenue, the company plans to reach Rs 1,000 crore this year.
As part of its DEI strategy, it is also working to increase the number of women hired, interviewed, and progressed to leadership roles.
MobiKwik was one of the businesses that put off its IPO plans last year. After the markets stabilize, the company will reevaluate its IPO plans, Taku added.