Mobikwik Recharge Offers: Mobikwik is a mobile recharge online company founded by Upasana Taku and Bipin Preet Singh in the year 2009. Initially, the Indian company was seeded by IIT Delhi graduate Bipin Preet Singh with his own money, approx USD $ 250 thousand, but in later years the website service that offered closed wallet facility was soon converted into a mobile app. The company partners with online e commerce brands to make payments.
What is Mobikwik:
Mobikwik is an online e – commerce based wallet service in which an account holder could deposit money and use it for paying bills and recharge services. The company initially only offered closed wallet option accessible through its website. But in recent years a mobile app is engineered which can be used to deposit money and pay bills. After the development of mobile app, Mobikwik saw 70 % increase in user numbers.
Mobikwik Recharge Offers:
The Mobile application brings beneficial offers for its customers from time to time. The offers are mostly of cashback on bills and recharges and discounts on popular shopping brands. The latest offers that are popular among the app users are described below.
30 % saving on Bus Tickets on Eid – Customers can avail this offer by using the code MUBARAK. By using this offer you can have 30 % discount on any booking of bus tickets by mobikwik wallet.
Magic of 3 – Availed by using the coupon code MAGICOF3, this offer guarantees 100 % Supercash on payment of any bills or recharges using the mobikwik app. The terms are that you will get super cash on third payment and the maximum limit is Rs. 50 while the minimum recharge limit is Rs. 25. The ffer can be availed by select few customers on every operator except Airtel.
Loot Recharge Offer – The loot recharge offer comes with three coupons, LOOT10, LOOT50 and LOOT99. Users can get Re 1 Supercash on recharge of Rs.10, Rs.7 Supercash on recharge of Rs. 50 and Rs. 15 Supercash on recharge of Rs.99 on all operators except Airtel. The minimum redeem amount is Rs 10, Rs 50 and Rs 99. The offer can be redeemed 30 times per user per month.
These are all the popular offers currently being used on the Mobikwik app. With all these facilities and offer we would suggest you to start using Mobikwik for your payments and recharges.
How Mobikwik Wallet Can be Used?
Approved by RBI (Reserve Bank of India) in the year 2013, Mobikwik developed a wallet app that can be used for shopping from third party brands and vendors without having to go through the hassle of filling payment forms and paying through online banking. The wallet can be used to pay for the purchased items in one click with any further permissions or requirements. The wallet app has since its development increased the user rate by 70 % in last few years and has made mobikwik a hard competitor of Paytm.
Mobikwik Funding and Partnerships
The Mobikwik app has over 15 million users in India and the user rate is increasing by 1 million per month. Initially, the company was started with a fund of USD $250 thousand, paid by the owner Bipin Preet Singh. Later on Singh partnered with many online e commerce vendors. In 2015 they partnered with the travel brand Uber which allowed the Cab drivers to process the customer payments by credit and debit cards using Mobikwik wallet. In its initial years, this company partnered with international brands like Go Daddy to process Indian payments.
A US Venture capital raised the Mobikwik funds to $5 million. In B series and C series funding, the company funds were raised by brands like American Express and Cisco Systems. Currently their funds have reached to a price of USD $80 million.