(SUPERCASH ECONOMY!!! ) Mobikwik revenue DOUBLED
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Revenue DOUBLED but LOSSES INCREASES to 200CR from 132
But where has the SUPERCASH that MOBIKWIK USERS are being LOOTED by changing RULES gone
Mobikwik has doubled its revenue to Rs 85.6 crore in 2018 against Rs 44.3 crore in 2017, even though losses piled up 51 per cent to Rs 200 crore against Rs 132 crore in the same period
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Well done BRO
Gone are the frothy days when a startup was judged by its GMV. Only unicorns are the exception now – here also investors evaluating revenues and expected profitability.
For the rest of the crowd of struggling startups; its downhill without a successful business model; and rightly so.
Mobikwik numbers are not flattering at all. The year of supercash gave them +al 40 Cr revenue and +70 Cr expense. Finally this is proof to skeptics that supercash was v lucrative for looters for almost a year 😎
Edit – Supercash rules became stifling April 2019 onwards… So you’ll see the effect for FY19… Look out for lesser losses but also lesser revenues going forward..
I highly doubt it, I think they were giving business incentives to get in the door with a lot of goodies.. People used it thinking it was something new before realizing it was a game. So revenues went up but so did losses.. Ofcourse now revenues will drop and the losses will also be far lower.. But is is not a sustainable business.. Unlike Paytm who has ali to help them along and looks like they will give a run for the money to amazon.. phonepe and google pay etc are already dead.. but their backers will keep it alive..
Paypal due to their size and global reach will still do well.. If people deal internationally thats the only deal in town and people will keep it to use it inside as well.
Check this link LOYAL MOBIKWIK CUSTOMER OF SUPERCASH are trying to find trick to burn SUPERCASH
https://www.desidime.com/forums/dost-and-dimes/...
I dont see what is wrong with it? He earned that and wants to get something out of it. He thought he was getting something.. Like using coupons.. MK just used him to get transactions and bring in VC funding.. The get rich quick scheme..
 Mobikwik revenue DOUBLED for Rs. at ){kind=link}
Further the company also made disclosures that its co-founders Singh and Upasana Taku earned Rs 2.15 crore each during the reported year.
I donated 20k supercash to these beggars