Gokwik Raises Rs 40 crore($5.5M) in pre-Series A

by Kay Aloha Villamor in September 7th, 2021

Gokwik an E-commerce enablement company, raised Rs 40 crore ($5.5 million) in a pre-Series A round led by Matrix Partners India. This round also saw the participation of global investor RTP Global.

Angel investors and serial entrepreneurs like Jitendra Gupta - Founder & CEO of Jupiter, Nitin Gupta – Co-founder of Uni, Utsav Somani - Partner at AngelList India, Amit Lakhotia - Founder at Park+, Pradeep Parameswaran - President, Mobility, the Asia Pacific at Uber, Manish Vij - Co-Founder of Smile Group, Asish Mohapatra - co-Founder & CEO of OfBusiness, Arjun Vaidya - Ventures Lead, India at Verlinvest, Ramakant Sharma - Founder, LivSpace, Siddharth Puri - Co-Founder & CEO, Tyroo, Umang Kumar - co-Founder, CarDekho, Anupam Mittal - Founder & CEO, Shaadi.com and other leading industry figures also participated in the round.

The new investment will primarily be used for scaling up & establishing a footprint in MENA and SEA regions and hiring talent across tech, data, and product engineering.

Company: GoKwik

Raised: Rs 40 crore ($5.5M)

Round: pre-Series A

Funding Month: September 2021

Lead Investors: Matrix Partners India

Additional Investors: RTP Global, Jitendra Gupta, Nitin Gupta, Utsav Somani, Amit Lakhotia, Pradeep Parameswaran, Manish Vij, Asish Mohapatra, Arjun Vaidya, Ramakant Sharma, Siddharth Puri, Umang Kumar, Anupam Mittal

Company Website: https://www.gokwik.co/

Software Category: E-commerce

About the Company: Founded in the post-pandemic era, GoKwik is the brainchild of Chirag Taneja (CEO) and includes Vivek Bajpai (CTO), and Ankush Talwar (Chief Data Scientist) as part of the founding team. GoKwik is an online platform that helps people solve difficulties with their buying experiences on e-commerce websites. GoKwik believes in a ‘merchant first philosophy and uses AI/ML technologies to solve problems like Return to Origin (RTO) to solve & better Cash on Delivery (CoD) conversion rates for e-commerce players including D2C brands.

Source: https://www.business-standard.com/article/companies/gokwik-raises-rs-40-cr-in-pre-series-a-round-led-by-matrix-partners-india-121090700511_1.html

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