Kiwi Cofounder Mohit Bedi Resigns from Executive Role to Focus on Personal Commitments
Kiwi cofounder Mohit Bedi steps down from executive role after four years
The Economic TimesImage: The Economic Times
Mohit Bedi, cofounder of Kiwi, a fintech startup, has stepped down from his executive role after four years to prioritize personal commitments while remaining an advisor and shareholder. Kiwi, which raised $24 million in funding last year, continues to thrive under the leadership of cofounders Anup Agrawal and Siddharth Mehta.
- 01Mohit Bedi has resigned from his executive position at Kiwi to focus on personal commitments.
- 02He will continue as an advisor and long-term shareholder of the company.
- 03Kiwi raised $24 million in funding in August 2022, led by Vertex Ventures.
- 04The company has issued 200,000 RuPay credit cards and processes over 5 million transactions monthly.
- 05Kiwi is expanding its services, including UPI credit lines in partnership with banks.
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Mohit Bedi, cofounder of Kiwi, a fintech startup established in 2022, has stepped down from his executive role after four years to focus on personal and family commitments. In a LinkedIn announcement, Bedi expressed confidence in Kiwi's future, stating, โKiwi is in great shape, strong momentum, strong team, strong vision.โ Day-to-day operations will now be managed by fellow cofounders Anup Agrawal and Siddharth Mehta. Bedi, who previously held senior positions at Axis Bank and PayU, plans to concentrate on advisory roles, funding, and angel investing, having already supported several early-stage startups. Kiwi, which raised $24 million in its latest funding round led by Singapore-based Vertex Ventures, has issued 200,000 RuPay credit cards and processes over 5 million transactions monthly across 600 cities in India. The startup also offers UPI credit lines, allowing users to access pre-approved credit limits through their UPI-enabled accounts.
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Kiwi's growth could benefit consumers by providing easier access to credit and enhancing payment options through UPI, which is widely used in India.
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