PE-VC Fund Investments
E-commerce enabler GoKwik raises $13-M led by RTP Global
Investor Announcement Economic Times
Delhi-based e-commerce enabler GoKwik has raised USD 13 million (around INR 111 crore) in a round led by existing investor RTP Global. The round also saw participation from Z47, PeakXV Partners, and Think Investments.Founded in 2020 by Chirag Taneja, Vivek Bajpai and Ankush Talwar, GoKwik offers tech-backed checkout tools that enable e-commerce brands to boost conversion rates and drive revenue growth. The company has four products which are claimed to have enabled brands to process gross merchandise value in excess of USD 2 billion. Its product suite helps D2C and ecommerce brands solve pre-purchase friction, cart abandonment, repeat purchases, and returns management.GoKwik is claimed to be housing over 10,000 brands in its network and catering to over 130 million shoppers. The startup already operates in the UK, where it has signed up 100+ D2C brands including Levi’s, Jacques of London and Blaupunkt. With the new funds, it plans to launch in Germany, France, Italy, and the Netherlands and double down on R&D to further enhance its AI-first commerce stack.
Between Mar 2021 and May 2024, GoKwik had attracted about USD 57 M from RTP Global, Sparrow Capital, Z47, Peak XV Partners, Pivot Ventures, QED Investors, Think Investments, others.
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