Qwikcilver Acquired
Bengaluru-based digital gift card and stored-value card technology company. Ran an end-to-end SaaS platform for issuing, processing and distributing gift cards for retailers, corporates and service providers, and also operated its own consumer-facing gift card brand, Woohoo. Claimed roughly 90% share of the Indian gift-card market before being acquired by Pine Labs in March 2019 for $110 million.
Qwikcilver: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| Jul 2016 ~ | Series B | ~$10 Mn | Sistema Asia Fund Accel India Amazon Asia Pacific Helion Venture Partners | source |
| Dec 2014 ~ | Series A | $10 Mn | Amazon Asia Pacific Accel Helion Venture Partners | source |
| 2008 ~ | Seed | Undisclosed | Accel India Helion Venture Partners | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 19 Mar 2019 | Pine Labs | Qwikcilver | $110 Mn | source |
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Who founded Qwikcilver?
Qwikcilver was founded by Kumar Sudarsan, TP Pratap, Bhaskar Vasudevan in 2006.
How much funding has Qwikcilver raised?
Qwikcilver has raised $20 Mn across 3 tracked funding round(s), most recently on 2016-07-01. Figures are compiled from cited public sources.
Who are the investors in Qwikcilver?
Investors in Qwikcilver include Sistema Asia Fund, Accel India, Amazon Asia Pacific, Helion Venture Partners, Accel.
What does Qwikcilver do?
Bengaluru-based digital gift card and stored-value card technology company. Ran an end-to-end SaaS platform for issuing, processing and distributing gift cards for retailers, corporates and service providers, and also operated its own consumer-facing gift card brand, Woohoo. Claimed roughly 90% share of the Indian gift-card…
Where is Qwikcilver headquartered?
Qwikcilver is headquartered in Bengaluru, Karnataka, India.
What is Qwikcilver's business model?
Qwikcilver's core value proposition centers on Full-stack gift card technology, Category leadership / no full-stack competitor, Personalised gifting.
How does Qwikcilver make money?
Qwikcilver's cited revenue streams include Partnership commission, Core Qwikcilver B2B platform vs Woohoo consumer brand.