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 |
|
| Jul, 2013 | Amount | Seed - Quikwallet | Valuation | Snow Leopard Ventures |
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.
| 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 | |
|
MM
Mohit Mahesh Lalvani |
Angel investor and entrepreneur, co-founder of MyGlamm, active in consumer tech
|
Founded Year | Domain | Location |
Investments & Acquisitions by Quikwallet
Financial Statements - Quikwallet
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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Money-earning features are offered via a digital application.
|
|
| domain | founded_year | HQ Location |
Provides a chatbot-enabled platform for mentor payments and consultations.
|
|
| domain | founded_year | HQ Location |
Provides API, apps, and digital payment services for business transactions.
|
|
| domain | founded_year | HQ Location |
Online payment processing services are provided for businesses.
|
|
| domain | founded_year | HQ Location |
Conversational payment platform for individuals
|
Frequently Asked Questions about Quikwallet
Quikwallet was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Quikwallet is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Mohit Mahesh Lalvani is the current CEO of Quikwallet. They have also founded this 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.
As of Apr 06, 2024, the latest employee count at Quikwallet is 60.
Annual revenue of Quikwallet is $1.2M as on Mar 31, 2023.
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.
Quikwallet has 4 investors. Key investors include FEL India, Snow Leopard Ventures, Mohit Mahesh Lalvani, and Mahesh Bahadur Lalvani.
The valuation of Quikwallet is $12.63M as of Mar 2015.