Jabong's Rukaiya Rangwala moves to Mobikwik

In her new role, she will lead the payment gateway business.

MobiKwik, a digital financial services platform, has announced the appointment of Rukaiya Rangwala as the business head of MobiKwik Payment Gateway to drive growth of the entity.

The company had recently relaunched its Payment Gateway and aims to have over $5 billion worth of transactions on the platform by end of FY 2018.

Speaking about her new role, Rangwala says, "I am excited to join MobiKwik Payment Gateway at a time when mobile digital payments are at an inflection point. As a team, we will strive to extend MobiKwik Payment Gateway to millions of businesses in India that need robust payment support."

According to press release shared by the company, Rangwala has over 15 years of experience in the technology and e-commerce industry and has worked across the US, Singapore, Japan and India. She spent eight years at Dell before coming to India with Rocket Internet, helping the VC establish its portfolio in the country. At Rocket, she helped establish Groupon India (taking the company pan-India) and was responsible for the Marketplace division at Jabong (managing a $100m annual top line). Before joining MobiKwik, she spent two years working on entrepreneurial ventures.

Speaking on her appointment, Upasana Taku, co-founder of MobiKwik, says "(Rukaiya) Rangwala brings a wealth of experience to MobiKwik and we are pleased to welcome her as the leader of our Payment Gateway business. Her extensive experience in business development, expertise in managing operations and strong financial understanding will be instrumental as we aim to grow over 200 per cent by next year."