Further strengthening its leadership team, MobiKwik hires Former 99acres EVP Vineet K. Singh as the Chief Business Officer

24 January, 2017: Indian mobile wallet major, MobiKwik today announced the appointment of Vineet K. Singh as the Chief Business Officer. Vineet is a renowned industry veteran who will own the mandate of leading business at the company and supervising national operations.

Announcing Vineet’s appointment, Bipin Preet Singh, Founder & CEO of MobiKwik said, “Vineet’s experience in leading business growth, his vision, and leadership make him uniquely qualified to drive business at MobiKwik at this moment of great opportunity. We are confident that with his calibre, he will create compelling value for the company.”

Prior to joining MobiKwik, Vineet K. Singh was the Co-founder, CEO and MD of Buildzar.com. He has more than 16 years of experience in the consumer internet industry. Prior to Buildzar, he was EVP & Business Head of multiple business in Info Edge including Naukri.com, 99acres.com, JeevanSaathi.com & NaukriGulf.com. He worked closely with promoters of Info Edge while having built businesses from ground up to topline of 500cr+ & a market cap of over $2 billion. Vineet is a renowned consumer internet & housing expert, as well as an excellent people manager, communicator & relationship builder.

“I have been observing MobiKwik’s growth trajectory since a few years and am thrilled to receive the opportunity to lead business for the company at these exciting times. Together with the dynamic and passionate team of MobiKwik, I look forward to making 2017 a record year for the company’s business growth.” Vineet K. Singh, Chief Business Officer of MobiKwik said.

A market research recently reported that the global mobile wallet market was valued at approximately USD 594.00 billion in 2016 and is expected to reach approximately USD 3,142.17 billion by 2022, growing at a CAGR of around 32% between 2017 and 2022. Earlier this month Daman Soni, ex Infosys Business Development Head for telecom in the United Kingdom, joined MobiKwik as Vice President for growth.

MobiKwik is an Indian wallet major with a network of more than 10 lakh direct merchants and over 45 million plus users. Founded in 2009 by Bipin Preet Singh and Upasana Taku, the company has raised three rounds of funding from Sequoia Capital, American Express, Tree Line Asia, MediaTek, GMO Payment Gateway, Cisco Investments and Net1.

MobiKwik aspires to be the largest source of digital transactions in India. It is powering e-payments for IRCTC, Uber, Meru Cabs, Big Bazaar, OYO Rooms, Zomato, PVR, Archies, WHSmith India, BookMyShow, Grofers, Big Basket, Dominos, Burger King, Pizza Hut, eBay, ShopClues, Myntra, Jabong, Pepperfry, Barista, Food Panda, Nearbuy, Van Heusen, Allen Solly, Louis Phillips, GoDaddy, MakeMyTrip.