About Quikwallet
Quikwallet is a company based in Mumbai (India) founded in 2012 by Mohit Mahesh Lalvani and Mahesh Bahadur Lalvani was acquired by FEL in October 2018.. Quikwallet has raised $2.59 million across 2 funding rounds from investors including FEL India, Snow Leopard Ventures and Mohit Mahesh Lalvani. The company has 60 employees as of April 06, 2024. Quikwallet operates in a competitive market with competitors including Hubla, Minnect, Netzme, TextPayMe and Vama, among others.
- Headquarter Mumbai, India
- Employees 60 as on 06 Apr, 2024
- Founders Mohit Mahesh Lalvani, Mahesh Bahadur Lalvani
- Stage Minicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Livquik Technology (India) Private Limited
- Date of Incorporation 04 Jul, 2012
- Jurisdiction Saidapet, Tamil Nadu, India
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Annual Revenue
$1.2 M (USD)-11.05as on Mar 31, 2023
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Net Profit
$-228.32 K (USD)40.25as on Mar 31, 2023
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EBITDA
$-312.56 K (USD)24.97as on Mar 31, 2023
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Total Equity Funding
$2.59 M (USD)
in 2 rounds
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Latest Funding Round
$2.07 M (USD), Series A
Mar 31, 2015
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Investors
FEL India
& 3 more
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Employee Count
60
as on Apr 06, 2024
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Acquired by
FEL
(Oct 03, 2018)
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Funding Insights of Quikwallet
Quikwallet has successfully raised a total of $2.59M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2.07 million completed in March 2015. 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 Series A — $2.1M
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First Round
First Round
(16 Jul 2013)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2015 | Amount | Series A - Quikwallet | Valuation | Snow Leopard Ventures |
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| Jul, 2013 | Amount | Seed - Quikwallet | Valuation | Snow Leopard Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Quikwallet
Quikwallet has secured backing from 4 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include FEL India, Snow Leopard Ventures and Mohit Mahesh Lalvani. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage venture capital firm investing in India
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Founded Year | Domain | Location | |
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Logistics and supply chain management services are provided by FEL.
|
Founded Year | Domain | Location | |
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MM
Mohit Mahesh Lalvani |
Angel investor and entrepreneur, co-founder of MyGlamm, active in consumer tech
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Quikwallet
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Quikwallet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Quikwallet Comparisons
Competitors of Quikwallet
Quikwallet 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 Hubla, Minnect, Netzme, TextPayMe and Vama, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Money-earning features are offered via a digital application.
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| domain | founded_year | HQ Location |
Provides a chatbot-enabled platform for mentor payments and consultations.
|
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| domain | founded_year | HQ Location |
Provides API, apps, and digital payment services for business transactions.
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| domain | founded_year | HQ Location |
Online payment processing services are provided for businesses.
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| domain | founded_year | HQ Location |
Conversational payment platform for individuals
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Quikwallet
Frequently Asked Questions about Quikwallet
When was Quikwallet founded?
Quikwallet was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Quikwallet located?
Quikwallet is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Quikwallet?
Mohit Mahesh Lalvani is the current CEO of Quikwallet. They have also founded this company.
Is Quikwallet a funded company?
Quikwallet is a funded company, having raised a total of $2.59M across 2 funding rounds to date. The company's 1st funding round was a Seed of $517.74K, raised on Jul 16, 2013.
How many employees does Quikwallet have?
As of Apr 06, 2024, the latest employee count at Quikwallet is 60.
What is the annual revenue of Quikwallet?
Annual revenue of Quikwallet is $1.2M as on Mar 31, 2023.
What does Quikwallet do?
Quikwallet was founded in 2012 in Mumbai, India, within the fintech sector. A mobile wallet application is offered for handling payments at restaurants, retail shops, and cafes. Location-based discovery of hangouts is enabled for users, along with secure storage of credit and debit card details for transactions. Merchants are supported in managing offers and loyalty programs via the platform, which is accessible on both Android and iOS devices.
Who are the top competitors of Quikwallet?
Who are Quikwallet's investors?
Quikwallet has 4 investors. Key investors include FEL India, Snow Leopard Ventures, Mohit Mahesh Lalvani, and Mahesh Bahadur Lalvani.
What is Quikwallet's valuation?
The valuation of Quikwallet is $12.63M as of Mar 2015.
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