When was QwikCilver founded?

QwikCilver was founded in 2008 and raised its 1st funding round within a year of its incorporation.

Where is QwikCilver located?

QwikCilver is headquartered in Bengaluru, India. It is registered at 207, Gupta Arcade, L.S.C, Plot #5, Mayur Vihar Phase-I Extension, East Delhi, Delhi, Delhi, India, 110091.

How many employees does QwikCilver have?

As of Mar 01, 2026, the latest employee count at QwikCilver is 200 - 499.

Is QwikCilver a funded company?

QwikCilver is a funded company, having raised a total of $25.1M across 7 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Mar 25, 2008.

How much is QwikCilver worth?

The last known valuation of QwikCilver was $***** as of Mar 19, 2019.

When was the latest funding round of QwikCilver?

QwikCilver's latest funding was a $***** Series B round on Feb 05, 2016, with participation from 4 investors. Its primary sector is Payments. In India, the Payments sector has seen $792M in funding in 2026 to date.

What is the annual revenue of QwikCilver?

Annual revenue of QwikCilver is between ₹100 Cr and ₹500 Cr as on Mar 31, 2022

Where does QwikCilver rank among its competitors?

QwikCilver ranks 1st amongst 2 active competitors, only 1 of which is funded. Tillo, which secured $620K in Mar, 2020.

QwikCilver - 2026 Company Profile, Team, Funding, Competitors & Financials

Q: Is QwikCilver an acquired company?

QwikCilver got acquired by Pine Labs on Mar 19, 2019.

Company Details

Provider of gift card and store value card-based solutions for businesses. It features gift card solutions, prepaid gift cards, electronic and physical gift cards, and corporate gifting solutions. The company provides a SaaS-based technology platform to its partner businesses, including retail, hospitality, travel, airlines, and more. It provides solutions related to issuing, processing, and distribution of gift cards.

Website: qwikcilver.com
Social
Email ID: *****@qwikcilver.com
Phone Number: +91 **********
Part Of
Registered Address: 207, Gupta Arcade, L.S.C, Plot #5, Mayur Vihar Phase-I Extension, East Delhi, Delhi, Delhi, India, 110091

Key Metrics

Founded Year

2008

Location

Bengaluru, India

Stage

Acquired

Total Funding

$25.1M in 7 rounds

Latest Funding Round

Series B, Feb 05, 2016, $*****

Last Known Valuation

$***** as on Mar 19, 2019

Investors

Helion Venture Partners & 21 more

Ranked

1^st among 2 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2022

Employee Count

200 - 499 as on Mar 01, 2026

Similar Companies

Blackhawk Network & 77 more

Exit Details

Acquired by Pine Labs (Mar 19, 2019)

View QwikCilver's full profile

QwikCilver is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Pine Labs Private Limited CIN: U67100DL1998PTC093878 , India, Active		₹1,000+ Cr (As on Mar 31, 2024)	4229 (As on Apr 01, 2026)
QWIKCILVER SOLUTIONS PRIVATE LIMITED CIN: U72200DL2006PTC360078 , India, Amalgamated	Nov 08, 2006	₹100 - ₹500 Cr (As on Mar 31, 2022)	580 (As on Mar 31, 2023)

QwikCilver got acquired by Pine Labs on Mar 19, 2019 at an acquisition amount of $*****.

Click here to take a look at QwikCilver's acquisition in detail

QwikCilver has raised a total funding of $25.1M over 7 rounds. Its first funding round was on Mar 25, 2008. Its latest funding round was a Series B round on Feb 05, 2016 for $*****. 4 investors participated in its latest round. QwikCilver has 7 institutional investors and 15 angel investors.

Here is the list of recent funding rounds of QwikCilver:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 05, 2016	8507244	Series B	3094732	5170666	3923273	9799005
Jul 04, 2014	5037671	Series A	5965689	8396352	4853910	Accel & 4 more
Nov 16, 2012	8747302	Seed	2922322	9241580	Helion Venture Partners	Accel

Access funding benchmarks and valuations. Sign up today!

View details of QwikCilver's funding rounds and investors

The founders of QwikCilver are Sudarsan Naganath Kumar and Thoppil Pankajakshan Pratap. Amrish Rau is the CEO of QwikCilver.

Here are the details of QwikCilver's key team members:

Sudarsan Naganath Kumar: Co-Founder of QwikCilver and founder of 2 other companies, Gift Big and Woohoo. They are also an angel investor in 2 startups and serve on the board of 1 company.
Contact Info: 1 phone number
Thoppil Pankajakshan Pratap: Former Co-Founder of QwikCilver and founder of 2 other companies, Woohoo and Gift Big. They serve on the board of 1 company.
Contact Info: 1 phone number
Amrish Rau: CEO of QwikCilver.

QwikCilver's Board of Directors

QwikCilver's board has 3 active members. Sudarsan Naganath Kumar is part of team and Sameer Maheshwary and Kanwarpal Singh Bindra are independent board members.

Here is the list of QwikCilver's board of directors:

Name	Type	Representing	Status	Duration
Sudarsan Naganath Kumar	Team	-	Current	19y 9m
wtlcsff	Team	-	Past	9y 6m
ppdj{ss	Investor	ymuwcmp	Past	2y 3m
iaqzdoh	Investor	nncswak	Past	6y 4m
kukkuqo	Investor	-	Past	1y 4m
adsnobe	Investor	xlcipdn	Past	5y 8m
mevdwbw	Investor	ddwdrmf	Past	3y 4m
Sameer Maheshwary	Independent board member	-	Current	6y 11m
lwnjkam	Independent board member	-	Current	2y 4m
{ktwbyu	Independent board member	-	Past	1y 2m
zs{sevb	Independent board member	-	Past	5y 8m

View details of QwikCilver's Founder profiles and Board Members

QwikCilver's employee count trend

QwikCilver has 200 - 499 employees as of Mar 26. Here is QwikCilver's employee count trend over the years:

Uncover QwikCilver's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of QwikCilver include Tillo. Here is the list of Top 10 competitors of QwikCilver, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	QwikCilver 2008, Bengaluru (India), Acquired	Provider of gift card and store value card-based solutions for businesses	$25.1M	Helion Venture Partners, Amazon & 20 others	58/100
2nd	Tillo 2015, Austin (United States), Seed	Employee rewarding platform	$1.12M	Passion Capital, Conviction & 4 others	50/100