RTP Global, an existing investor, is leading a $13 million growth round for GoKwik, an e-commerce enablement company. Z47, Peak XV Partners, and Think Investments also participated in the round.
This increased GoKwik’s total capital to $68 million so far. Think Investments and RTP Global led a $35 million Series B round that the startup raised in May 2022.
The money raised will be used to bolster research and development throughout GoKwik’s AI-powered commerce infrastructure and to help the company expand internationally.
The company, led by Chirag Taneja, assists online brands in enhancing customer engagement, decreasing returns, and increasing conversions. It provides plug-and-play products such as Return Prime (for returns management), Kwik Engage (for WhatsApp commerce), KwikPass (one-click login), and KwikCheckout (with return-to-origin protection).
As a results-driven partner for D2C and e-commerce brands, GoKwik operates on a performance-linked model, generating income based on the transactions it facilitates or value it adds. The company claims that KwikEngage, its WhatsApp commerce tool, is becoming more and more popular abroad, particularly in the UK.
GoKwik purchased Return Prime, a worldwide returns management app within the Shopify ecosystem, in September 2024.
