GokwikHowever, the start of India offers a product suite of integrated e-trading products, it has produced a lot of $ 13 million, which is called “growth”, which has expand $ 450 million.
During the new fundal, led by the Global RTP, 63% is smaller than series B than $ 35 million, announced the start-based-based basis of 43% more than $ 315 million. Fresh posts also include participants from the first investors, Z47, the summit partner XV, and think of investment up to $ 68 million since 2020.
But what is the gokwik made to attract investors? The sacrificial helps the company, large and small, preparing the store online and enter direct-to-consumer boards (D2C).
The D2C Space is expected to increase significant improvement for more time to earn the target young target and the internet reach a new house. In India, the second largest internet market after China and the most populous country, the D2C market expected to get $ 607, from $ 12 billion in 2022, per a Report (PDF) by KPMG.
Now, gokwik has more than 12,000 traders paid, from 2,500-3,000 a year, creating online traders allowed and select an option to return online options. It also helps brands to perform trading through Whatsapp, popular platforms for businesses and consumers in the market like India, part in Europe, and Brazil.
Counting Gokwik computes like Indian giant lenskut.
Some products offer the gokwik provided well through other players. For example, cashfree payment checkout solutions; CleTT and mosque of the CRM offer.
But Chiag Taneja, co-founder and CEO, telling the techcrunch that the gokwik products have been integrated so that customers tend to buy the above average. “If you use your login product, help you try better. Hence, our kwakengage products appeared, whether you are left out of checkout, because you have left the pieces,” he said.
This has helped gokwik increase annual income with 20% of the year, up to more than $ 30 million in annual revenue (ARR) last year. It has helped a cumulative merchandise process of $ 2 billion, with 55% of the transaction that paid prepaid and 45% of money. All prepaid payments, 80% via the Offers interface that joins the Indian government.
With fresh funding, gokwik aims to expand in the presence and a customer base by entering new markets and defending WhatsApp have an owners, France, and Latin countrymen who include Brazil. Startup also plans for the sight of Bolter AI on the production. It has been offering a solution such as calling AI for an abandoned cart. In addition, the start plan to activates the Indian merchant to sell products for the alien customer with the global checkout solution that will join the customs and other international payment processing services.
Gokwik now has a rock of 60-70 of the month, nearly $ 35- $ 37 million in the bank, and target the target during the next 18 months. It also looks common in each year 3-5 years. Meanwhile, the startup investors, although the taneja is confirmed techcrunch if it is not increasing more funds.
Startup has headcount around 400 people, especially based on the office of Teacher and Bengaluru, by handful of employees are also based in England.
