About QwikCilver
QwikCilver is a company based in Bengaluru (India) founded in 2008 by Sudarsan Naganath Kumar was acquired by Pine Labs in March 2019. QwikCilver has raised $25.11 million across 7 funding rounds from investors including Amazon, Pine Labs and Accel. QwikCilver offers products and services including Gift Cards, Loyalty Programs, and Brand Wallet.
- Headquarter Bengaluru, India
- Founders Sudarsan Naganath Kumar
- Stage Minicorn
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Sectors
RetailFinancial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Qwikcilver Solutions Private Limited
- Date of Incorporation 08 Nov, 2006
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$32.16 M (USD)-23.37as on Mar 31, 2020
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Net Profit
$2.01 M (USD)-37.84as on Mar 31, 2020
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EBITDA
$3.08 M (USD)-87.75as on Mar 31, 2020
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Total Equity Funding
$25.11 M (USD)
in 7 rounds
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Latest Funding Round
$10 M (USD), Series B
Feb 05, 2016
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Investors
Amazon
& 11 more
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Employee Count
Not available
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Acquired by
Pine Labs
(Mar 19, 2019)
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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
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.
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 |
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Accel is recognized as a leading venture capital firm.
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Early to late-stage venture capital is invested in Indian sectors.
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Sistema is engaged in investment management and financial services.
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Locked | Locked | Locked |
Investor details for QwikCilver
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Investments & Acquisitions by QwikCilver
Investment portfolio details for QwikCilver
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Financial Statements - QwikCilver
Detailed financials for QwikCilver
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Qwikcilver Comparisons
Peer comparison for QwikCilver
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Competitors of QwikCilver
Detailed competitors of QwikCilver
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Latest news on Qwikcilver
Complete news archive for QwikCilver
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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 current CEO of QwikCilver.
QwikCilver is a funded company, having raised a total of $25.11M across 7 funding rounds to date.
Annual revenue of QwikCilver is $32.16M as on Mar 31, 2020.
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.