QwikCilver Solutions

digital cards

FOUNDING YEAR: 2007
LOCATION: India
Last Update: 01/05/2020

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About

QwikCilver is a provider for all kinds of stored value card based solutions. Be it gift card programs, loyalty programs, discount programs for retailers and service providers, or convenience and operational efficiency programs for corporate like campus cards, incentives and benefits card.

Focus

PRODUCTS & SERVICES

Stored value card solutions. It provides a comprehensive gifting solution to its customers.

REVENUE MODEL

On the B2B side, the firm charges an activation fee or transaction management fee of 1-2.5% of the value of the card while on its marketplace it charges 10-25% of the value

MAIN CLIENTS

Amazon

Myntra

Titan and Puma

EXISTING PARTNERSHIPS

Retail brands like Reliance

Shoppers stop; Apparel brands like Van Heusen

Allen Solly

Arvind fashion; Fashion brands like Titan Eye Plus

Fasttrack.

COMMENT

It facilitates sending gift vouchers, mobile gift cards and many more with just a click of a button

Traction

VALUATION / MARKET CAP:

$66.67 M in 2015

NUMBER OF TRANSACTIONS:

5 M

TRANSACTIONS VALUE:

$150 M

People

FOUNDERS

Pratap T P

Kumar Sudarsan

BOARD MEMBERS AND ADVISORS

Prashanth Prakash

Pradipta Mohapatra

Bhaskar Vasudevan

Kumar Sudarsan

Kanwaljit Singh

NUMBER OF EMPLOYEES

201-500

INVESTORS:

Accel Partners

Amazon

Helion Venture Partners

Ramana Mulpury

KEY EMPLOYEES:

Sadiq Ahamed (Chief Strategy Officer)

Momentum

FUNDED

YES

TOTAL FUNDING

$20 M

DATE OF LAST FUNDING

Jul 2016

FUNDING SERIES

SERIES B  · $10 M  · Jul 2016

OTHERS  · $10 M · Dec 2014

LISTED

NO

BASICS

FOUNDING YEAR:

2007

LOCATION:

India

Views:

262 VISITORS | 403 VIEWS
LATEST FUNDING ROUND

$20 M

TOTAL EMPLOYEES
201-500

About

QwikCilver is a provider for all kinds of stored value card based solutions. Be it gift card programs, loyalty programs, discount programs for retailers and service providers, or convenience and operational efficiency programs for corporate like campus cards, incentives and benefits card.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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