FPIs Line Up For MobiKwik, Raise Acquires Stratzy & More
MobiKwik sees increased foreign investment, while Raise Financial acquires Stratzy, and other Indian startups secure funding and positive outlooks.Summary
MobiKwik is experiencing a shift in its ownership structure, with foreign portfolio investors (FPIs) increasing their stake by 33% in Q4 FY26, while domestic AIFs reduced theirs by 50%. This change follows MobiKwik achieving profitability in Q3 FY26, with a net profit of ₹4 Cr and a 7.2% YoY revenue increase to ₹288.9 Cr.
In other news, Raise Financial Services has acquired the algo-trading platform Stratzy in a cash-and-stock deal, aiming to integrate it into their stock broking app, Dhan. Several other startups also received funding: Lawyered secured $2.5 Mn in a Pre-Series A round, PrimeInvestor raised ₹19.5 Cr in a seed round, and the legal tech startup Lawyered bagged $2.5 Mn.
Foreign investors are increasingly interested in India’s new-age tech ecosystem, with FPI investments in IPO anchor rounds growing by over 40% in 2025. Brokerages have also issued positive calls on Groww following its Q4 results, citing strong revenue growth and improving margins. Finally, Inc42 highlights Bonkers Corner, a D2C streetwear brand, and its expansion into offline retail, with plans to open 100 outlets.
(Source：Inc42)