MobiKwik appoints Vineet K Singh as Chief Business Officer

Indian mobile wallet major MobiKwik has announced the appointment of Vineet K. Singh as the Chief Business Officer.

An industry veteran, Vineet previously co-founded Buildzar.com. He has more than 16 years of experience in the consumer internet industry. Prior to Buildzar, he was EVP and Business Head of multiple business in Info Edge including Naukri.com, 99acres.com, JeevanSaathi.com and NaukriGulf.com.

He worked closely with promoters of Info Edge while having built businesses from ground up to topline of 500cr+ and a market cap of over $2 billion.

"Vineet's experience in leading business growth, his vision, and leadership make him uniquely qualified to drive business at MobiKwik at this moment of great opportunity. We are confident that with his calibre, he will create compelling value for the company," said Founder and CEO MobiKwik, Bipin Preet Singh.

"I have been observing MobiKwik's growth trajectory since a few years and am thrilled to receive the opportunity to lead business for the company at these exciting times. Together with the dynamic and passionate team of MobiKwik, I look forward to making 2017 a record year for the company's business growth," said Vineet K. Singh.

A market research recently reported that the global mobile wallet market was valued at approximately $594.00 billion in 2016 and is expected to reach approximately $3,142.17 billion by 2022, growing at a CAGR of around 32% between 2017 and 2022.