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GoKwik Bags $13 Mn To Boost Its AI-led Commerce Stack
- GoKwik has secured $13 Mn in a growth round led by RTP Global and others to enhance its AI-led commerce stack.
- The funding will support global expansion and research and development.
- Founded in 2020, GoKwik offers checkout tools for ecommerce brands to improve conversion rates.
- The startup aims to build an integrated suite of solutions for ecommerce brands.
- GoKwik had previously raised $35 Mn in a Series B round.
- The company has processed over $2 Bn in GMV and has shown 100% YoY growth.
- GoKwik's WhatsApp commerce solution is used by nearly 100 merchants in the UK.
- It has made acquisitions including Return Prime and Tellephant to expand its offerings and reach.
- In FY24, GoKwik reported revenue of INR 94.7 Cr with a net loss of INR 72 Cr.
- Competitors of GoKwik in the ecommerce enabler space include GlobalBees, Delhivery, Shiprocket, and Shadowfax.
- The Indian e-commerce market is projected to reach $325 Bn by 2030.
- Ecommerce enablers like GoKwik play a crucial role in providing end-to-end solutions for businesses in the online space.
- Delhivery has introduced Delhivery Direct, a new on-demand transportation and delivery service.
- Shadowfax is gearing up for an IPO and plans to launch its public offering this year.
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