India’s GoKwik raised a small $13M round for a hefty leap in valuation
GoKwik, an Indian e-commerce solutions startup, has raised a $13 million growth round led by RTP Global, increasing its valuation to $450 million, despite the round being 63% smaller than its previous Series B.
MAIN POINTS
- GoKwik raised $13 million in a growth funding round.
- The new funding was led by RTP Global.
- This round is 63% smaller than the previous $35 million Series B.
- The company's valuation has reached $450 million pre-money.
TAKEAWAYS
- GoKwik continues to attract investment despite smaller funding rounds.
- The startup's valuation has significantly increased to $450 million.
- RTP Global's involvement indicates strong investor confidence.
- The funding will likely support GoKwik's expansion and product development.