Many women have built companies worth thousands of crores after quitting their high-paying jobs. Some were even settled in the US, or UK after completing their higher education. However, after gaining some experience, they decided to start their own businesses. One such person is Upasana Taku, co-founder and CFO of MobiKwik, a mobile wallet and financial services company.
The 43-year-old entrepreneur founded the company in 2009 with her husband Bipin Preet Singh, MD and CEO of MobiKwik. The company ended the financial year 2023 with Rs 560 crore in revenue. Upasana holds a Bachelor’s Degree in Industrial Engineering from Punjab Technical University. She also did a Masters in Management Science and Engineering (2002-2004) from Stanford University, US.
She then joined HSBC, San Diego as a Business Analyst working in the Product team of their auto finance division. Later, Upasana worked as a Product Manager at PayPal, San Jose in the Financial Services, Global Payments and Risk divisions. But in 2008, she decided to return to India from the US and founded MobiKwik in 2009 with her husband.
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The company allows customers to send and receive money, and pay various utility bills. The woman has over 17 years of experience in product, payments and financial services. She was featured in Forbes Asia's 25 Power Businesswomen list in 2019 and in the Kotak Wealth Hurun – richest self-made women in India list.
Moreover, MobiKwik has become the largest digital financial services platform in terms of PPI Wallet transactions by value for April and May, the company said on Monday. The company saw its market share by value grow from 11 per cent in March 2024 to 20 per cent in April and further to 23 per cent in May.
