Latest news with #ReturnPrime
Entrepreneur
24-06-2025
- Business
- Entrepreneur
E-Commerce Enabler GoKwik Secures USD 13 Mn Funding Led by RTP Global
The latest infusion takes the total equity raised by the startup to USD 68 million since its inception in 2020. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. E-Commerce enabler GoKwik has raised USD 13 million in a growth funding round led by RTP Global, with participation from existing backers Z47, Peak XV Partners, and Think Investments. The latest infusion takes the total equity raised by the startup to USD 68 million since its inception in 2020. The fresh capital will be deployed to accelerate GoKwik's international expansion and fast-track research and development across its AI-first commerce stack. As global eCommerce pivots toward hyper-personalised, data-driven experiences, GoKwik aims to build a unified growth operating system that supports seamless, intelligent commerce across geographies. "As the next era of eCommerce is defined by intelligent, interoperable products, our mission is to build a unified growth operating system for brands worldwide," said Chirag Taneja, Co-founder and CEO of GoKwik. "AI is not an add-on for us—it is the operating system that powers every experience we create." Founded in 2020 by Chirag Taneja, Vivek Bajpai, and Ankush Talwar, GoKwik offers AI-powered solutions for Direct-to-Consumer (D2C) and eCommerce brands, helping improve checkout conversions, reduce return-to-origin (RTO) rates, and boost COD success. Its core product suite includes KwikCheckout, KwikEngage, KwikPass, and Return Prime, which address friction across the customer journey—from cart abandonment to returns management. "It's been a privilege to witness GoKwik's journey," said Galina Chifina, Partner and CEO at RTP Global. "Their data-led approach and ability to anticipate market shifts have made them a vital partner for the D2C ecosystem." GoKwik's platform is already trusted by top Indian and global brands like Mamaearth, Man Matters, Libas, Plix, and Shoppers Stop, processing millions of transactions daily and enabling merchants to handle over USD 2 billion in gross merchandise value (GMV). The company continues to post 100% year-on-year growth. With international traction growing, particularly in the UK through its WhatsApp commerce tool KwikEngage, GoKwik is poised to redefine the infrastructure for eCommerce success. "We're proud to deepen our partnership with the GoKwik team as they push the boundaries of AI-powered commerce," added Rajat Agarwal, Managing Director at Z47.
Economic Times
24-06-2025
- Business
- Economic Times
Ecommerce enabler GoKwik raises $13 million from RTP Global, others
Agencies (L-R),Ankush Talwar, Chirag Taneja and Vivek Bajpai, cofounders, GoKwik GoKwik, an Ecommerce enabler, said it has closed a $13 million growth round led by existing investor RTP Global. Z47, Peak XV Partners, and Think Investments also participated in the round, which took the total funding raised by GoKwik so far to $68 company said it will use the fresh capital to accelerate its international expansion and fast‑track R&D across its AI‑first commerce stack. 'As the next era of Ecommerce is defined by intelligent, interoperable products, our mission is to build a unified growth operating system for brands worldwide,' said Chirag Taneja, cofounder and CEO of GoKwik. GoKwik houses over 10,000 brands in its network, and caters to over 130 million shoppers. The brands, which include Mamaearth, Lenskart, Neemans, and Shoppers Stop, encompass a range of categories, such as fashion, beauty, health and nutrition, electronics, and other key online shopping categories. '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 and CEO at RTP Global. The company has four products — KwikCheckout, KwikEngage, KwikPass, and Return Prime — and has enabled brands to process gross merchandise value in excess of $2 billion. Its product suite helps D2C and ecommerce brands solve pre-purchase friction, cart abandonment, repeat purchases, and returns management. Also, KwikEngage, the WhatsApp commerce solution, is used by over 100 merchants in the UK to drive conversational commerce and build deeper customer connections. 'By connecting every shopper touchpoint—from discovery to returns—we create compounding value and sustainable growth for merchants of all sizes,' Taneja added.
Time of India
24-06-2025
- Business
- Time of India
Ecommerce enabler GoKwik raises $13 million from RTP Global, others
GoKwik, an Ecommerce enabler, said it has closed a $13 million growth round led by existing investor RTP Global . Z47, Peak XV Partners, and Think Investments also participated in the round, which took the total funding raised by GoKwik so far to $68 million. The company said it will use the fresh capital to accelerate its international expansion and fast‑track R&D across its AI‑first commerce stack. 'As the next era of Ecommerce is defined by intelligent, interoperable products, our mission is to build a unified growth operating system for brands worldwide,' said Chirag Taneja, cofounder and CEO of GoKwik. GoKwik houses over 10,000 brands in its network, and caters to over 130 million shoppers. The brands, which include Mamaearth , Lenskart, Neemans, and Shoppers Stop , encompass a range of categories, such as fashion, beauty, health and nutrition, electronics, and other key online shopping categories. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Air conditioners without external unit. (click to see prices) Air Condition | Search Ads Search Now '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 and CEO at RTP Global. The company has four products — KwikCheckout, KwikEngage, KwikPass , and Return Prime — and has enabled brands to process gross merchandise value in excess of $2 billion. Its product suite helps D2C and ecommerce brands solve pre-purchase friction, cart abandonment, repeat purchases, and returns management. Live Events Also, KwikEngage, the WhatsApp commerce solution, is used by over 100 merchants in the UK to drive conversational commerce and build deeper customer connections. 'By connecting every shopper touchpoint—from discovery to returns—we create compounding value and sustainable growth for merchants of all sizes,' Taneja added. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories
Fashion Network
08-05-2025
- Business
- Fashion Network
Unicommerce's subsidiary Shipway launches one-day return pick-ups with instant refunds
Logistics platform Shipway, a subsidiary of Unicommerce, has introduced one-day return pick-ups with near-instant refunds to help e-commerce and retail brands streamline reverse logistics and ameliorate customer satisfaction. Over 7.5 lakh products were returned between October 2024 and March 2025, Shipway announced in a press release. Return rates can reach as high as 40% depending on product category and seasonality, often creating operational bottlenecks. Shipway's latest initiative aims to address this by enabling brands to pick up returns within 24 hours, conduct doorstep quality checks, and process refunds immediately. The doorstep quality check also supports inventory control by identifying restockable products and minimising return fraud. Shipway's reverse logistics network spans over 21,000 Indian pin codes and is supported by partners such as Delhivery, Shadowfax, Ekart, and Xpressbees. 'Returns have always been a pain point for D2C brands," said Shipway's chief business officer Saurabh Kumar Chaudhary in a press release. "Our technology strives to enable brands to offer a seamless return experience that could positively impact customers' trust in the brand.' Shipway integrates with platforms such as Return Prime and offering plug-and-play solutions to simplify post-purchase experiences. Baggit's head of digital marketing Praveen Singh said Shipway's returns system 'ensures quick action… and provides a sense of priority to the customer.' Domin8's brand head Buyju Balakrishnan added that each seamless return is 'a step toward stronger brand loyalty and operational excellence.'
