Kiwi Cofounder Mohit Bedi Resigns as Chief Business Officer to Focus on Personal Commitments
Kiwi cofounder Mohit Bedi steps down as CBO after four years
The Economic TimesImage: The Economic Times
Mohit Bedi, cofounder of Kiwi, a fintech startup, has stepped down as Chief Business Officer after four years. He will continue as an advisor and shareholder while focusing on personal commitments and angel investing. Kiwi has issued 200,000 RuPay credit cards and processes over 5 million transactions monthly across India.
- 01Mohit Bedi resigns from his executive role at Kiwi to focus on personal commitments.
- 02He will remain as an advisor and long-term shareholder of the company.
- 03Kiwi has issued 200,000 RuPay credit cards since its launch in 2023.
- 04The startup processes over 5 million merchant transactions monthly across India.
- 05Kiwi raised $24 million in funding in August 2022, led by Vertex Ventures.
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Mohit Bedi, cofounder of the fintech startup Kiwi, announced his resignation as Chief Business Officer after four years of significant contributions to the company. In a LinkedIn post, Bedi expressed his intention to focus on personal and family commitments while remaining an advisor and long-term shareholder. He emphasized that Kiwi is in a strong position, with a solid team and vision, and that day-to-day operations will now be managed by fellow cofounders Anup Agrawal and Siddharth Mehta. Kiwi, which launched in 2023, has successfully issued 200,000 RuPay credit cards and processes over 5 million transactions monthly across 600 cities in India. The company raised $24 million in its last funding round in August 2022, with participation from investors such as Nexus Venture Partners and Omidyar Network. Kiwi has partnered with Yes Bank and AU Small Finance Bank to issue RuPay credit cards and offers UPI credit lines, enhancing consumer payment options in India.
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Kiwi's continued growth and expansion in the fintech space could enhance consumer access to credit and payment solutions in India.
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