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Zaakpay, a wholly owned subsidiary of One MobiKwik Systems, has announced a strategic partnership with Capital Region Urban Transport (CRUT), a public transit agency part of the ONDC Network, to launch a chat-based bus ticketing service across Odisha.
This initiative aims to simplify and digitize public transport access for over 24 million annual commuters and approximately 36 million rides across the state. Powered by a user-friendly chat interface, this solution enables seamless, smart ticketing directly through WhatsApp, improving accessibility for both rural and urban users.
The digital payment solution is developed for CRUT by PeLocal as the development and integration partner and Zaakpay as the payment gateway.
The service is now live across nine major cities, including Bhubaneswar, Cuttack, Khordha, Pipili, Puri, Konark, Rourkela, Sambalpur, and Berhampur, bringing contactless bus ticket booking directly to users' phones.
The buyers included BofA Securities Europe SA, which purchased 5 lakh shares (0.64% equity) at Rs 243.61 per share, and S I Investments & Broking, which acquired 4 lakh shares (0.51% equity) at Rs 248.42 per share.
With ADIA's exit, Mobikwik’s investor mix remains dominated by Peak XV Partners Investments IV with a 9.92% stake, followed by Cisco Systems (USA) at 1.54% and American Express Travel Related Services Company at 1.34%. Other notable foreign portfolio investors include Government Pension Fund Global (3.01%), Societe Generale - Odi (1.2%) and Citigroup Global Markets Mauritius (1.12%).
One Mobikwik Systems is a digital wallet and payments platform offering a wide range of financial products to consumers and merchants. Its portfolio includes MobiKwik Wallet, UPI, Pocket UPI, and Zaakpay (payment gateway), serving over 180.2 million registered users and 4.64 million+ merchants. The company has also expanded into credit (ZIP EMI, merchant cash advances), and savings and investment products such as fixed deposits, mutual funds, digital gold, and Lens.AI.
On a consolidated basis, One Mobikwik Systems reported net loss of Rs 41.92 crore in Q1 June 2025, higher than net loss of Rs 6.62 crore in Q1 June 2024. Net sales declined 20.72% YoY to Rs 271.36 crore in Q1 June 2025.