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 as of March 26, 2025. 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 as on 26 Mar, 2025
- Founders Neeraj Ray
- Stage Minicorn
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Sectors
ConsumerRetail
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Phone
*********
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Website
*********
- Legal Name Savis Retail Private Limited
- Date of Incorporation 19 Oct, 2016
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$1.6 K (USD)-93.64as on Mar 31, 2024
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Net Profit
-$39.16 K (USD)82.31as on Mar 31, 2024
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EBITDA
-$40.76 K (USD)-478.49as on Mar 31, 2024
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Total Equity Funding
$1.16 M (USD)
in 2 rounds
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Latest Funding Round
$374.65 K (USD), Seed
May 04, 2018
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Investors
Bigbasket
& 19 more
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Employee Count
42
as on Mar 26, 2025
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Acquired by
Bigbasket
(Oct 20, 2018)
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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.
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 Total Funding
- Total Rounds 2
- Last Round Seed — $374,652
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First Round
First Round
(09 Jan 2017)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Seed - Kwik24 | Valuation | Fireside Ventures |
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| Jan, 2017 | Amount | Seed - Kwik24 | Valuation | Fireside Ventures |
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 |
|---|---|---|---|---|
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Early-stage consumer brand companies are invested in by Fireside Ventures.
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage startups across fintech, software, and other sectors.
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Founded Year | Domain | Location | |
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Global consulting for technology platforms, digital services, and business transformation strategies.
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Founded Year | Domain | Location |
Investments & Acquisitions by Kwik24
Financial Statements - Kwik24
Kwik24 Comparisons
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 year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform offering smart vending machine retail solutions
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| domain | founded_year | HQ Location |
Cashless vending solutions are integrated for smart product dispensing.
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| domain | founded_year | HQ Location |
Smart vending machines for corporates are supplied by NutriTap.
|
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| domain | founded_year | HQ Location |
Vendiman is recognized as a leading vending machine supplier in India.
|
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| domain | founded_year | HQ Location |
IoT-powered snack vending machines for offices
|
|
| domain | founded_year | HQ Location |
Tea and coffee-making machines are provided via an online platform.
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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 09, 2017.
As of Mar 26, 2025, the latest employee count at Kwik24 is 42.
Annual revenue of Kwik24 is $1.6K as on Mar 31, 2024.
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.