Kiwi Cofounder Mohit Bedi Transitions to Advisory Role Amid Personal Commitments
Kiwi cofounder Mohit Bedi quits CBO role, moves into advisory position
Business Standard
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Mohit Bedi, the cofounder of Kiwi, a credit-on-UPI fintech firm, has resigned as chief business officer (CBO) and will move to an advisory role due to personal reasons. He plans to remain with the company until July 2024 and retains his equity stake, indicating confidence in Kiwi's future.
- 01Mohit Bedi steps down as CBO at Kiwi for personal reasons.
- 02He will stay with the company until July 2024 and retains his equity stake.
- 03Kiwi has partnered with four banks and issued over 200,000 credit cards.
- 04The company raised a total of $43 million in funding, including $24 million in Series B.
- 05Sumeet Basrani has been appointed as the new CBO.
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Mohit Bedi, cofounder of Kiwi, a fintech firm specializing in credit-on-UPI transactions, has resigned from his role as chief business officer (CBO) and will transition into an advisory position. This change is due to personal and family commitments, but Bedi will remain with the company until July 2024 and retains a significant equity stake, reflecting his confidence in Kiwi's future growth. Kiwi, co-founded in 2022 with Anup Agrawal and Siddharth Mehta, has established partnerships with four banks, including AU Small Finance Bank, Yes Bank, Axis Bank, and Punjab National Bank (PNB), and claims to have issued over 200,000 credit cards. The company raised $24 million in a Series B funding round in 2025, bringing its total funding to $43 million. Following Bedi's departure, Sumeet Basrani has been appointed as the new CBO, and the leadership team remains unchanged. CEO Anup Agrawal has previously stated that the company aims for profitability within two years.
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Bedi's transition may lead to strategic shifts within Kiwi, which could affect its partnerships and product offerings in the fintech sector.
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