About Quikwallet
Quikwallet is a Financial Services company based in Mumbai (India) founded in 2012 by Mohit Mahesh Lalvani and Mahesh Bahadur Lalvani, and was acquired by FEL in October 2018. Mobile wallet app is utilized for restaurant payments and discoveries. 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. Quikwallet was last valued at $12.63 million in March 2015. Its chief executive, as recorded, is Mohit Mahesh Lalvani. Its Indian entity Livquik Technology (India) Private Limited reported revenue of ₹55.87 Cr. Its focus areas include FinTech, Payments, Consumer Payments and Vertical Payments.
Company details
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.
- Headquarters Mumbai, India
- Employees 60
- Founders Mohit Mahesh Lalvani, Mahesh Bahadur Lalvani
- Stage Acquired
- SectorsFinancial Services
- Phone•••• ••••
- Website quikwallet.com
- Social LinkedIn X Facebook
- Acquired by FEL (Oct 2018)
- Legal Name Livquik Technology (India) Private Limited
- Date of Incorporation 04 Jul, 2012
- Jurisdiction Chennai, Tamil Nadu, India
Associated legal entities of Quikwallet
Quikwallet operates through Livquik Technology (India) Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Livquik Technology (India) Private Limited CIN U74999TN2012PTC165988 | Active | 04 Jul 2012 | Chennai, Tamil Nadu | ₹55.9 Cr | 60 | 3 | View details |
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 $2.59M
- Total Rounds 2
- Last Round Series A — $2.07M
- First Round $517,740
(Jul 2013)
- Investors Count 3
All 2 funding rounds of Quikwallet 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 |
|---|---|---|---|---|---|
| Mar 2015 | $2.07M | Series A | $12.63M | Snow Leopard Ventures | – |
| Jul 2013 | $517,740 | Seed | $1.59M | Snow Leopard Ventures |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2015 | $12.63M | •••••••• |
| Jul 2013 | $1.59M | •••••••• |
Last known valuation $12.63M (Mar 2015). 4 investors in total: 2 institutional and 2 angel.
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 |
|---|---|---|---|---|
Early-stage venture capital firm investing in India | 2012 | slventures.in | Pune, India | |
Logistics and supply chain management services are provided by FEL. | 1987 | felindia.in | Mumbai, India | |
MM Mohit Mahesh Lalvani | Angel investor and entrepreneur, co-founder of MyGlamm, active in consumer tech | unknown_805b9031391f4992a | ||
MB Mahesh Bahadur Lalvani | unknown_6575e884a8384a429 |
Investor details for Quikwallet
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 Livquik Technology (India) Private Limited (Quikwallet)
Livquik Technology (India) Private Limited is the primary company behind Quikwallet. The board of Livquik Technology (India) Private Limited currently have 2 directors; the longest-serving is Muthukumar Ayyakkannu, appointed in 2021. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Muthukumar Ayyakkannu DIN 07381905 | Director | 09 Sep 2021 | 5 yrs 1 mo | Livquik Technology (India) Private Limited |
| Abhishek Arun DIN 09776539 | Director | 22 Dec 2022 | 3 yrs 10 mo | Livquik Technology (India) Private Limited |
People of Quikwallet
2 people are tracked at Quikwallet (2 in leadership); the tracked headcount is 60.
| Name | Role | Group |
|---|---|---|
Mohit Mahesh Lalvani | Co-Founder & CEO | Leadership |
| Co-Founder | Leadership |
Complete people profiles for Quikwallet
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 Quikwallet
Figures of Livquik Technology (India) Private Limited, the primary company behind Quikwallet, for FY 2025. Revenue was ₹55.87 Cr (+142% year on year). Net loss was -₹2.70 Cr (-5% margin). EBITDA was -₹2.20 Cr (-4% margin).
- ₹55.87 CrRevenue · FY 2025 · +142% YoY
- -₹2.70 CrNet loss · -5% margin
- -₹2.20 CrEBITDA · -4% margin
- ₹10.74 CrPaid-up capital
- 60Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Livquik Technology (India) Private Limited are on its company page.
Detailed financial statements for Quikwallet
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 Quikwallet
5 dated milestones of Quikwallet across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Quikwallet is founded.
- Funding First funding round of $518K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $2.1M.
- Exit Acquired by FEL.
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Quikwallet (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Quikwallet
Complete news archive for Quikwallet
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.
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 CEO of Quikwallet, as recorded in our data. 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 2013.
Quikwallet has 60 employees.
The primary company behind Quikwallet, Livquik Technology (India) Private Limited, reported revenue of ₹55.87 Cr for FY 2025, up 142% year on year.
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.
Quikwallet operates through Livquik Technology (India) Private Limited.
Yes. Quikwallet was acquired by FEL in October 2018.
The legal entities of Quikwallet currently have 3 directors, including Viral Girish Gandhi, Muthukumar Ayyakkannu, Abhishek Arun.