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.