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
***********
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Phone
*********
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Website
*********
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Social
*********
- 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
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series B — $10.0M
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First Round
First Round
(25 Mar 2008)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2016 | Amount | Series B - QwikCilver | Valuation | Helion Venture Partners | |
| Jul, 2014 | Amount | Series A - QwikCilver | Valuation |
investors |
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| Nov, 2012 | Amount | Seed - QwikCilver | Valuation | Helion Venture Partners |
| 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 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. 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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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Early to late-stage venture capital is invested in Indian sectors.
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Founded Year | Domain | Location | |
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Sistema is engaged in investment management and financial services.
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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
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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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.
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Founded Year | Domain | Location |
Investments & Acquisitions by QwikCilver
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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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 - QwikCilver
| 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 |
Qwikcilver Comparisons
Competitors of QwikCilver
| 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 Qwikcilver
Frequently Asked Questions about QwikCilver
When was QwikCilver founded?
QwikCilver was founded in 2008.
Where is QwikCilver located?
QwikCilver is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of QwikCilver?
Amrish Rau is the current CEO of QwikCilver.
Is QwikCilver a funded company?
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 Seed of $2.26M, raised on Mar 25, 2008.
What is the annual revenue of QwikCilver?
Annual revenue of QwikCilver is $32.16M as on Mar 31, 2020.
What does QwikCilver do?
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.
What products or services does QwikCilver offer?
QwikCilver offers Gift Cards, Loyalty Programs, and Brand Wallet.
Who are QwikCilver's investors?
QwikCilver has 12 investors. Key investors include Amazon, Pine Labs, Accel, Sistema, and Erasmic Venture Fund.
What is QwikCilver's valuation?
The valuation of QwikCilver is $53.73M as of Feb 2016.
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