About Kwik24
Kwik24 is a company based in Bengaluru (India) founded in 2016 by Neeraj Ray was acquired by Bigbasket in October 2018. Kwik24 has raised $1.16 million across 2 funding rounds from investors including Bigbasket, Stellaris Venture Partners and IndigoEdge. The company has 42 employees. Kwik24 offers products and services including bbinstant App, Vending Machines, and Product Range. Kwik24 operates in a competitive market with competitors including Daalchini, Vendekin, NutriTap, Vendiman and Azgo, among others.
- Headquarter Bengaluru, India
- Employees 42
- Founders Neeraj Ray
- Stage Minicorn
- SectorsConsumerRetail
- Website kwik24.com
- Acquired by Bigbasket (Oct 2018)
- Legal Name Savis Retail Private Limited
- Date of Incorporation 19 Oct, 2016
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of Kwik24
Kwik24 operates through Savis Retail Private Limited (under liquidation). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Savis Retail Private Limited CIN U74999KA2016PTC097228 | Under Liquidation | 19 Oct 2016 | Bangalore, Karnataka | ₹0.0 Cr | 42 | 3 | View details |
Products & Services of Kwik24
Kwik24 offers a comprehensive portfolio of products and services, including bbinstant App, Vending Machines, and Product Range.
App for accessing and managing vending machine purchases.
Automated stores dispensing snacks, drinks, and meals 24/7.
Variety of snacks and beverages with daily restocking options.
Apps and channels of Kwik24
Kwik24 publishes 1 mobile app with over 1M+ downloads.
Funding Insights of Kwik24
Kwik24 has successfully raised a total of $1.16M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $374.65 thousand completed in May 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.2M
- Total Rounds 2
- Last Round Seed — $374,652
- First Round $781,202
(Jan 2017)
- Investors Count 19
All 2 funding rounds of Kwik24 with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2018 | $374,652 | Seed | $4.5M | Fireside Ventures | – |
| Jan 2017 | $781,202 | Seed | $2.4M | Fireside Ventures |
| Date | Valuation | Stage |
|---|---|---|
| May 2018 | $4.5M | •••••••• |
| Jan 2017 | $2.4M | •••••••• |
Last known valuation $4.5M (May 2018). 20 investors in total: 6 institutional and 14 angel.
Investors in Kwik24
Kwik24 has secured backing from 20 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Bigbasket, Stellaris Venture Partners and IndigoEdge.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage consumer brand companies are invested in by Fireside Ventures. | – | firesideventures.com | Bengaluru, India | |
Venture capital firm investing in early-stage startups across fintech, software, and other sectors. | 2016 | stellarisvp.com | Bengaluru, India | |
Global consulting for technology platforms, digital services, and business transformation strategies. | 2002 | zinnov.com | The Woodlands, United States | |
M&A and capital raising advisory firm focused on consumer brands and technology companies | 2006 | indigoedge.com | Bengaluru, India | |
MP Mahesh Pansari | - | – | unknown_e9be98cde9e44bdda | - |
MH Mike Holland | - | – | unknown_f1752c44cd8c4a148 | - |
NL Nyron Latif | - | – | unknown_bb345a1e09164890b | - |
KB Kaushik Bhaskar | - | – | unknown_e1c91e7a5c1a4785a | - |
AU Abhishek Uppal | - | – | unknown_5410beb403134dc7a | - |
JV Jitendra Virwani | - | – | unknown_9a32360965a54fa1a | - |
Investor details for Kwik24
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Savis Retail Private Limited (Kwik24)
Savis Retail Private Limited is the primary company behind Kwik24. The board of Savis Retail Private Limited currently have 3 directors; the longest-serving is Menon Hari, appointed in 2018. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Menon Hari DIN 03404629 | Director | 31 Aug 2018 | 8 yrs 1 mo | Savis Retail Private Limited |
| Vipul Mahendra Parekh DIN 01902890 | Director | 31 Aug 2018 | 8 yrs 1 mo | Savis Retail Private Limited |
| Srilakshmi Purushotham DIN 02909335 | IRP/RP/Liquidator | 23 Jul 2024 | 2 yrs 2 mo | Savis Retail Private Limited |
People of Kwik24
1 people are tracked at Kwik24 (1 in leadership); the tracked headcount is 42.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for Kwik24
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Kwik24
Figures of Savis Retail Private Limited, the primary company behind Kwik24, for FY 2024. Revenue was ₹0.01 Cr (-94% year on year). Net loss was -₹0.34 Cr (-2447% margin). EBITDA was -₹0.34 Cr (-2447% margin). Revenue has grown at a compounded annual rate of -87% over three years and -66% over five years.
- ₹0.01 CrRevenue · FY 2024 · -94% YoY
- -₹0.34 CrNet loss · -2447% margin
- -₹0.34 CrEBITDA · -2447% margin
- ₹7.56 CrPaid-up capital
- 42Employees (provident fund records)
- -87%Revenue CAGR, 3 years
- -66%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Savis Retail Private Limited are on its company page.
Detailed financial statements for Kwik24
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Kwik24
5 dated milestones of Kwik24 across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Kwik24 is founded.
- Funding First funding round of $781K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $375K.
- Exit Acquired by Bigbasket.
Competitors of Kwik24
Kwik24 operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Daalchini, Vendekin, NutriTap, Vendiman and Azgo, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| daalchini.co.in | 2017 | Noida, India | $6.7M | 110 | Online platform offering smart vending machine retail solutions | |
| vendekin.com | 2015 | Pune, India | $4.2M | 66 | Cashless vending solutions are integrated for smart product dispensing. | |
| nutritap.in | 2018 | Gurugram, India | $2.2M | 55 | Smart vending machines for corporates are supplied by NutriTap. | |
| vendiman.com | 2013 | Mumbai, India | $11.4M | 105 | Vendiman is recognized as a leading vending machine supplier in India. | |
| azgo.app | 2014 | Bengaluru, India | $1.7M | 11 | IoT-powered snack vending machines for offices | |
| cherisetapri.com | 2019 | Mumbai, India | $2.2M | 96 | Tea and coffee-making machines are provided via an online platform. | |
| grubox.in | 2016 | Gurugram, India | $1.3M | 15 | Fresh meals are accessed through app-enabled smart vending kiosks. | |
| cheriseglobal.com | 2018 | Mumbai, India | – | 131 | Offers a direct-to-consumer brand of multi-category tea products and accessories. | |
| gofrshly.com | 2013 | Chennai, India | $4.0M | 7 | Vending machines dispensing prepared meals | |
| niflr.com | 2017 | Bengaluru, India | $680,357 | – | Omnichannel grocery retail is operated through self-checkout stores. |
Detailed competitors of Kwik24
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Kwik24
Complete news archive for Kwik24
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Kwik24
10 companies that operate in the same segment as Kwik24 (Food & Beverage Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform food ordering and delivery service | 2008 | Gurugram, Haryana, India | USD 1.69 B | USD 5.79 B | 7,780 | |
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.47 B | USD 10.72 B | 23,700 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.46 B | 4,490 | |
Online marketplace offering multi-category grocery products | 2015 | Barcelona, Catalonia, Spain | USD 1.16 B | – | – | |
Food and market delivery services are provided by iFood. | 2011 | Sao Paulo, Brazil | USD 590.8 M | – | – | |
Platform for discovering and sharing local businesses | 2004 | San Francisco, California, United States | USD 56 M | USD 1.46 B | 5,120 | |
Restaurant operations are managed via a cloud-based platform. | 2011 | Boston, Massachusetts, United States | USD 1.15 B | USD 6.15 B | 5,700 | |
Online platform offering discovery of local deals, experiences, and rewards | 2015 | Gurugram, Haryana, India | USD 105.82 M | USD 37.82 M | 414 | |
Wolt is operated as a delivery platform for food and groceries. | 2014 | Helsinki, Finland | USD 827.96 M | – | – | |
Food delivery services are offered in major Indian cities. | 2012 | Mumbai, Maharashtra, India | USD 97.72 M | USD 39.01 M | 3,150 |
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Frequently Asked Questions about Kwik24
Kwik24 was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Kwik24 is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Kwik24 is a funded company, having raised a total of $1.16M across 2 funding rounds to date. The company's 1st funding round was a Seed of $781.2K, raised on Jan 2017.
Kwik24 has 42 employees.
The primary company behind Kwik24, Savis Retail Private Limited, reported revenue of ₹0.01 Cr for FY 2024, down 94% year on year.
Kwik24 was founded in 2016 in Bengaluru, India, as a provider of IoT-enabled smart vending machines in the food retail sector. Food items are purchased and paid for through a mobile application available on iOS and Android platforms. Access to the vending machines shelf is enabled via the app when users are in close proximity. Operations focus on integrating IoT technology with mobile payments for convenient vending services.
Kwik24 offers bbinstant App, Vending Machines, and Product Range.
Kwik24 has 20 investors. Key investors include Bigbasket, Stellaris Venture Partners, IndigoEdge, Fireside Ventures, and Zinnov.
The valuation of Kwik24 is $4.49M as of May 2018.
Kwik24 operates through Savis Retail Private Limited.
Yes. Kwik24 was acquired by Bigbasket in October 2018.