Upasana Taku’s journey began with a Bachelor’s Degree in Industrial Engineering from Punjab Technical University. Her pursuit of excellence led her to Stanford University, where she earned a Master’s in Management Science and Engineering from 2002 to 2004. This strong educational background laid the foundation for her future successes.
Professional Experience in the US
After completing her education, Upasana embarked on a professional career in the US. She joined HSBC in San Diego as a Business Analyst, working in the product team of their auto finance division. She later moved to PayPal in San Jose, where she served as a Product Manager in the Financial Services, Global Payments, and Risk divisions. These roles provided her with valuable insights and experience in the financial services industry.
The Decision to Return to India
Despite her successful career in the US, Upasana decided to return to India in 2008. The following year, she co-founded MobiKwik with her husband, Bipin Preet Singh, who serves as the MD and CEO of the company. This bold move marked the beginning of a new chapter in her career.
Founding MobiKwik
In 2009, Upasana and Bipin founded MobiKwik, a mobile wallet and financial services company. The platform allows customers to send and receive money and pay various utility bills. Under Upasana’s leadership, MobiKwik has grown significantly, ending the financial year 2023 with Rs 560 crore in revenue.
Achievements and Recognition
Upasana Taku’s contributions to the fintech industry have been widely recognized. She was featured in Forbes Asia’s 25 Power Businesswomen list in 2019 and the Kotak Wealth Hurun list of the richest self-made women in India. With over 17 years of experience in product management, payments, and financial services, Upasana has been a driving force behind MobiKwik’s success.
Market Leadership
MobiKwik has become the largest digital financial services platform in terms of PPI Wallet transactions by value for April and May 2024. The company’s market share by value grew from 11 percent in March 2024 to 20 percent in April and further to 23 percent in May. This growth is a testament to Upasana’s visionary leadership and strategic planning.
Upasana Taku’s journey from high-paying jobs in the US to co-founding a successful fintech company in India is an inspiring tale of determination and vision. Her story exemplifies the growing trend of women entrepreneurs making significant strides in the business world, building companies that are not only financially successful but also impactful in their respective industries.
