About QwikCilver
QwikCilver is a Retail company based in Bengaluru (India) founded in 2008 by Sudarsan Naganath Kumar, and was acquired by Pine Labs in March 2019. Gift card and store value solutions are provided to businesses. It operates in the Retail and Financial Services sectors. QwikCilver has raised $25.11 million across 7 funding rounds from investors including Amazon, Pine Labs and Accel. QwikCilver was last valued at $53.73 million in February 2016. Its chief executive, as recorded, is Amrish Rau. Its website qwikcilver.com draws about 67 thousand monthly visits. Its Indian entity Qwikcilver Solutions Private Limited reported revenue of ₹322 Cr. QwikCilver offers products and services including Gift Cards, Loyalty Programs, and Brand Wallet. Its focus areas include Consumer, Online Gifting, Enablers and Gift Cards.
Company details
QwikCilver was founded in 2008 and is based in Bengaluru, India. Gift card and store value card solutions are offered to businesses in sectors such as retail, hospitality, travel, and airlines. A SaaS-based platform is provided for issuing, processing, and distributing electronic and physical prepaid gift cards, along with corporate gifting options. Operations focus on enabling partner businesses through integrated technology services.
- Headquarters Bengaluru, India
- Founders Sudarsan Naganath Kumar
- Stage Acquired
- SectorsRetailFinancial Services
- Email••••••••
- Phone•••• ••••
- Website qwikcilver.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Pine Labs (Mar 2019)
- Legal Name Qwikcilver Solutions Private Limited
- Date of Incorporation 08 Nov, 2006
- Jurisdiction Delhi, India
Associated legal entities of QwikCilver
QwikCilver is associated with 3 registered companies on The Company Check; the primary company is Qwikcilver Solutions Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Qwikcilver Solutions Private Limited CIN U72200DL2006PTC360078 | Amalgamated | 08 Nov 2006 | Delhi, Delhi | ₹322 Cr | 580 | 4 | View details |
| Pine Labs Private Limited CIN U67100HR1998PLC113312 | Active | 18 May 1998 | Gurgaon, Haryana, India | View details | |||
| Pine Labs Limited. Listed CIN L67100HR1998PLC113312 | Active | 18 May 1998 | Gurgaon, Haryana | ₹2,847 Cr | 3,346 | 9 | View details |
Products & Services of QwikCilver
QwikCilver offers a comprehensive portfolio of products and services, including Gift Cards, Loyalty Programs, and Brand Wallet.
Digital cards for gifting, promotions, and rewards programs
Systems to reward partners and consumers for business growth
Platform for managing brand currencies and transactions
Apps and channels of QwikCilver
its YouTube channel Qwikcilver by Pine Labs has 650 subscribers and 30 videos.
Videos from QwikCilver
The most watched videos on QwikCilver's YouTube channel, Qwikcilver by Pine Labs (650 subscribers). Click a video to play it here.
More on Qwikcilver by Pine Labs.
Funding Insights of QwikCilver
QwikCilver has successfully raised a total of $25.11M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $10 million completed in February 2016. 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 $25.11M
- Total Rounds 7
- Last Round Series B — $10M
- First Round $49,614
(Mar 2008)
- Investors Count 11
All 7 funding rounds of QwikCilver 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 |
|---|---|---|---|---|---|
| Feb 2016 | $10M | Series B | $53.73M | Helion Venture Partners | |
| Jul 2014 | $10M | Series A | $28.32M | – | |
| Nov 2012 | $2.26M | Seed | $••••• | Helion Venture Partners | |
| Mar 2011 | $1.96M | Seed | $••••• | Helion Venture Partners | |
| Jan 2010 | $545,570 | Seed | $••••• | Accel, Helion Venture Partners | – |
| Oct 2008 | $305,843 | Seed | $••••• | Accel, Erasmic Venture Fund | |
| Mar 2008 | $49,614 | Angel Round | $••••• | Ramana Mulpury, Adusumilli Jayalakshmi | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2016 | $53.73M | •••••••• |
| Jul 2014 | $28.32M | •••••••• |
| Nov 2012 | $••••• | •••••••• |
| Mar 2011 | $••••• | •••••••• |
| Jan 2010 | $••••• | •••••••• |
Full valuation and stage history of QwikCilver
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $53.73M (Feb 2016). 12 investors in total: 7 institutional and 5 angel.
Investors in QwikCilver
QwikCilver has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Amazon, Pine Labs and Accel.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Early to late-stage venture capital is invested in Indian sectors. | helionvc.com | Gurugram, India | ||
Sistema is engaged in investment management and financial services. | 1993 | sistema.com | Moscow, Russia | |
Multi-category products are offered through an online marketplace. | 1994 | amazon.com | Seattle, United States | |
Limited information available | 2003 | erasmic.com | Bengaluru, India | |
Omnichannel payment solutions, loyalty programs, and business tools are provided. | 1998 | pinelabs.com | Noida, India | |
RY Ramana Yugandhar Mulpury | unknown_47e96bce019449b58 | |||
SS Subramaniam Subramaniam | unknown_4a3d2e2f169f44318 | |||
RM Ramana Mulpury | Angel investor and tech entrepreneur with focus on early-stage startups in India. | unknown_cf8c5a50ea934eb2b |
Investor details for QwikCilver
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 Qwikcilver Solutions Private Limited (QwikCilver)
Qwikcilver Solutions Private Limited is the primary company behind QwikCilver. The boards of the 2 registered companies of QwikCilver currently have 9 directors; the longest-serving is Sudarsan Naganath Kumar, appointed in 2006. 38 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sudarsan Naganath Kumar DIN 00809694 | Director | 08 Nov 2006 | 20 yrs | Qwikcilver Solutions Private Limited |
| Kush Mehra DIN 08154941 | Whole-time director | 29 Sep 2018 | 8 yrs 1 mo | Pine Labs Limited. |
| Ginni Singhal DIN 03266967 | Company Secretary | 05 Feb 2021 | 5 yrs 9 mo | Qwikcilver Solutions Private Limited |
| Indresh Kumar Gupta DIN 07488823 | Director | 26 Jan 2022 | 4 yrs 9 mo | Qwikcilver Solutions Private Limited |
| Bairavarasu Amrish Rau DIN 02008811 | Managing Director | 24 Mar 2025 | 1 yr 7 mo | Pine Labs Limited. |
| Maninder Singh Juneja DIN 02680016 | Director | 24 Mar 2025 | 1 yr 7 mo | Pine Labs Limited. |
| Amrita Gangotra DIN 08333492 | Director | 24 Mar 2025 | 1 yr 7 mo | Pine Labs Limited. |
| Smita Chandramani Kumar DIN 10347292 | Director | 24 Mar 2025 | 1 yr 7 mo | Pine Labs Limited. |
| Shailendra Jit Singh DIN 01930079 | Director | 13 Jun 2025 | 1 yr 4 mo | Pine Labs Limited. |
People of QwikCilver
4 people are tracked at QwikCilver (4 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| CEO | Leadership | |
Sanjay Tambwekar | Leadership | |
Sudheendra Manchikanti | Head Of Product | Leadership |
Complete people profiles for QwikCilver
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 QwikCilver
Figures of Qwikcilver Solutions Private Limited, the primary company behind QwikCilver, for FY 2022. Revenue was ₹322 Cr (+61% year on year). Net profit was ₹62.81 Cr (19% margin). EBITDA was ₹88.55 Cr (27% margin). Revenue has grown at a compounded annual rate of +24% over three years and +21% over five years.
- ₹322 CrRevenue · FY 2022 · +61% YoY
- ₹62.81 CrNet profit · 19% margin
- ₹88.55 CrEBITDA · 27% margin
- ₹3.02 CrPaid-up capital
- 580Employees (provident fund records)
- +24%Revenue CAGR, 3 years
- +21%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Qwikcilver Solutions Private Limited are on its company page.
Detailed financial statements for QwikCilver
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 QwikCilver
5 dated milestones of QwikCilver across 11 years, from founding to its latest funding, stage changes and deals.
- Founded QwikCilver is founded.
- Funding First funding round of $50K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $10.0M.
- Exit Acquired by Pine Labs.
Web traffic of QwikCilver
The website of QwikCilver (qwikcilver.com) receives about 67.3K visits a month.
- Monthly visits67.3K
▼ 17% vs previous month
Websites whose visitors overlap most with QwikCilver. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| omnicard.in | 100% | 35K | #858,900 | View details | |
| pinelabs.com | 98% | 522.2K | #90,704 | View details | |
| luxegiftcard.com | 98% | #1,678,456 | View details | ||
99gift.in | 99gift.in | 96% | #684,840 | – | |
| dealzy.app | 95% | 246.7K | #156,553 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 22 similar websites and full traffic analytics for QwikCilver
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 22 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Stationery, Gifting & Handicrafts E-Commerce
2 companies that operate in the same segment as QwikCilver (Stationery, Gifting & Handicrafts E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Multi-category gifting products are provided through an online platform. | 2015 | Mumbai, Maharashtra, India | USD 4.35 M | USD 916.16 K | ||
AI-powered loyalty, rewards, and employee engagement solutions are provided. | 2012 | Bengaluru, Karnataka, India | USD 100.61 M | USD 119.45 M | 349 |
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Related news about Qwikcilver
Complete news archive for QwikCilver
Full article history, source details, and older brand coverage require an active premium plan.
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Frequently Asked Questions about QwikCilver
QwikCilver was founded in 2008.
QwikCilver is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Amrish Rau is the CEO of QwikCilver, as recorded in our data.
QwikCilver is a funded company, having raised a total of $25.11M across 7 funding rounds to date. The company's 1st funding round was a Angel Round of $49.61K, raised on Mar 2008.
The primary company behind QwikCilver, Qwikcilver Solutions Private Limited, reported revenue of ₹322 Cr for FY 2022, up 61% year on year.
QwikCilver was founded in 2008 and is based in Bengaluru, India. Gift card and store value card solutions are offered to businesses in sectors such as retail, hospitality, travel, and airlines. A SaaS-based platform is provided for issuing, processing, and distributing electronic and physical prepaid gift cards, along with corporate gifting options. Operations focus on enabling partner businesses through integrated technology services.
QwikCilver offers Gift Cards, Loyalty Programs, and Brand Wallet.
QwikCilver has 12 investors. Key investors include Amazon, Pine Labs, Accel, Sistema, and Erasmic Venture Fund.
The valuation of QwikCilver is $53.73M as of Feb 2016.
QwikCilver is associated with 2 legal entities: Qwikcilver Solutions Private Limited, Pine Labs Limited..
Yes. QwikCilver was acquired by Pine Labs in March 2019.
The legal entities of QwikCilver currently have 11 directors, including Indresh Kumar Gupta, Sudarsan Naganath Kumar, Ginni Singhal and others.