Doing good work and getting recognised for it is something very less of us get to feel nowadays. Mobikwik co-founder Upasana Taku recently lived this feeling when she was bestowed upon the title of ‘Best Woman Entrepreneur Award 2017’ yesterday in New Delhi.
Awarded on the occasion of World Entrepreneurship Day yesterday by ASSOCHAM (Associated Chambers of Commerce and Industry of India), Taku’s honour comes just a few days after the mobile wallet company announced its plans of
becoming India’s first debit plus credit wallet.
Soon Mobikwik users will be able to have exclusive credit lines, credit cards and EMI cards mapped through the app, which will ultimately result in increasing their purchasing power and enable them to get lending products available at cheaper interest rates.
Prior to this, the Mobikwik was in the news for raising Rs 225 crore from Bajaj Finance. Under the agreement signed between the two companies, Bajaj will be picking up nearly 11 per cent stake in the company, which means acquiring 10 equity shares and 271,050 compulsory convertible preference shares (CCPS) of the mobile wallet company.
Accepting the award, Taku said, “I thank ASSOCHAM for bestowing this honour on me. It is my firm belief that awards such as these would encourage budding entrepreneurs who have great ideas and vision for achieving success in life, but are reluctant to pursue their dreams or succumb to pressures from the society.”
Founded in 2009 by Bipin Preet Singh and Upasana Taku, Mobikwik has grown to become a major mobile payment network in the Indian subcontinent boosting over 15 lakh direct merchants and 55 million plus users on its platform. The mobile wallet company has recently also entered into a partnership with state-owned Bharat Sanchar Nigam Ltd (BSNL) to power ‘BSNL Wallet’ – India’s largest wallet by the telecom company. Developed and issued by MobiKwik on behalf of BSNL, the mobile wallet will facilitate ease of payment and also sell BSNL products.
Last year, Taku also found a place in Forbes under “Asia’s Women to Watch in 2016”.