GoKwik raises $13 million round led by RTP Global

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E-Commerce enablement platform GoKwik has raised $13 million in a fresh round led by existing investor RTP Global, with participation from Z47, Peak XV Partners and Think Investments.

Moneycontrol exclusively reported in May that GoKwik was in talks to raise about $20 million in an internal round led by RTP Global, with participation from the said existing investors.

The company, however, did not say if the final $13 million raise includes a secondary component, where existing shares are sold, in addition to primary capital.

The round comes almost three years after GoKwik closed a $35-million Series B round. It earlier raised $15 million in Series A round in November 2021.

GoKwik plans to use the capital to accelerate international expansion and boost research across its AI-first commerce stack.

“As the next era of e-commerce is defined by intelligent, interoperable products. Our mission is to build a unified growth operating system for brands worldwide,” GoKwik co‑founder and chief executive officer Chirag Taneja said. “AI is not an add‑on for us—it is the operating system that powers every experience we create.”

Founded in 2020 by Taneja, Vivek Bajpai and Ankush Talwar, GoKwik offers a full-stack solutions for e-commerce brands, including one-click checkout, RTO management tools, and growth strategies through conversational commerce, among others.

It claims to work with more than 4,000 brands, including Lenskart, Neemans, Man Matters, Purplle, and Shoppers Stop, supporting over 50 cross-platform integrations on Shopify, WooCommerce, Magento, Salesforce, WordPress, and more.

In 2024, the firm launched Kwik COD, a Shopify app designed to help brands manage the influx of cash on delivery (COD) orders effectively, thereby reducing RTO and boosting their bottom line.

The app gained traction, particularly after e-commerce enabler Shopify discontinued its Advanced COD (A-COD) app in August.

It earlier acquired Shopify app Return Prime and WhatsApp platform Tellephant (now KwikEngage) to widen presence in India and expand globally, including in the UK and US markets.

“Their data-led approach and ability to anticipate market shifts have made them a vital partner for the D2C ecosystem. We’re excited to continue supporting GoKwik as they scale globally and redefine personalised, data-driven commerce," said Galina Chifina, Partner & CEO, RTP Global.

GoKwik expects to double revenue in FY25 from Rs 110 crore and reach profitability by FY26. It competes with players such as Unicommerce, Shiprocket, Razorpay, and Cashfree, all eyeing a piece of India’s $125 billion and growing e-commerce pie, projected to grow to $345 billion by FY30.

Heating up the space, Shiprocket is in talks to raise around $26 million (Rs 219 crore) in an extension of its ongoing Series E round while Unicommerce hit the stock market last year.

While the former had rapidly expanded beyond logistics into an end-to-end management of e-commerce operations, the latter strengthened its logistic play with acquisition of Shipway recently.