Indian payments firm MobiKwik turns unicorn as staffers exercise ESOPs ahead of IPO

MobiKwik, which earlier this week received the market regulator’s approval to float a ₹1,900 crore ($251 million) initial public offering (IPO), became the 32nd Indian unicorn this year after concluding a secondary transaction that valued the digital payments firm at $1 billion, a person familiar with the development said.