BackQwikcilver raises fund from Sistema Asia
The company will use the fresh funds on research and development and expand into new geographies in Middle East and South East Asia
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New Delhi: Gift card provider Qwikcilver Solutions Pvt. Ltd on Monday said it has raised an undisclosed amount from Sistema Asia Fund, a proprietary fund floated by Sistema JSFC. Existing investors also participated in the round.
The Bengaluru-based company last raised funds in December 2014 in a round led by Amazon Asia, one of its clients. It is also backed by venture capital firms Helion Venture Partners and Accel Partners.
The company will use the fresh funds on research and development and expand into new geographies in Middle East and South East Asia.
The news was first reported by The Economic Times on Monday.
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