GoKwik, an e-commerce enabling firm, has secured $35 million in a Series B round headed by RTP Global and Think Investments. Existing investors Sequoia Capital India and Matrix Partners India also participated in the round.
The fresh capital follows GoKwik’s $15 million Series A round in November of last year, bringing the company’s total fundraising to more than $55 million in the last 12 months.
According to a press statement, GoKwik will use the new funds to expand its e-commerce enablement stack, expand its network of businesses, improve conversion results, and deliver personalised solutions. By the end of 2022, it wants to hire over 200 workers across India.
GoKwik has been focusing on providing convenience and a smooth experience to merchants and buyers in the ecommerce market since its beginnings.