The round was led by Bessemer Ventures Partners with increased participation from Jungle Ventures and Helion. This round of funding comes within weeks of the launch of the world’s first ‘Home Design Automation Platform’.
Qwikcilver’s technology is deployed across more than 500 cities and towns in over 10,000 premium brand stores, ecommerce portals and mobile apps. Qwikcilver has established and reinforced the Prepaid & Gift Card network in Indian retail, with close to 90% share of the customer engagements across 150+ leading brands & retailers in 25 consumption categories.
The fresh funds will help the company to launch a new product that will help ClearTax users to save tax by making investments.
The investment has been made under the ‘Small Ticket Funding programme which was announced by IAN last year.
The fund will focus on India and south Asia and the venture capital firm will participate in Series B and C rounds across sectors including ecommerce, financial services, health & wellness and travel & transportation.
This week had been packed with announcements from Digital India. Starting from Tata’s announcement to enter e-commerce space and Tim Cook visiting India, lot has happened in this part of the world.
Founded by Vikram Tanwar and Varun Mathur, VEQTA aims at redefining how sports is consumed in India by serving fans a selection of the best sports content from across the globe through Video On Demand and Live Streaming.
SmartQ has a presence in over 10-15 IT companies and IT Parks in Bangalore. The company has more than 45,000 users on its android app currently and clocks over1800 transactions daily. It is witnessing a growth of 50% every month, claims the company.