MobiKwik to go public later than initially planned: Report

MobiKwik, which counts Bajaj Finance, Sequoia Capital and Abu Dhabi Investment Authority as its backers, in October won the Indian capital market regulator's approval to launch a $255 million IPO.

Indian payments firm MobiKwik will carry out an initial public offering later than initially planned, its CEO said on Tuesday, following the dismal market debut of larger rival Paytm earlier this month.

In India's largest-ever IPO, digital payments start-up Paytm made one of the worst major Indian stock market debuts as its shares fell more than 27%.