During his stint as a CRO at one in every of India’s main D2C brands, Bombay Shaving Company, Chirag had first-hand experience with quite a lot of trade problems similar to lower CoD conversion rates, RTO orders, rising acquisition costs, and more that he felt had been commonly faced by all the business. Conversion rates across the funnel and RTO are major pain points for any online retail business, and an ecommerce enablement player like GoKwik is greatest poised to unravel these problems. Chirag Taneja, Co-founder & CEO at GoKwik, stated: “Ecommerce enablement players will play a pivotal role in fuelling the burgeoning Indian e-retail market, which is projected to succeed in $one hundred twenty billion in the following 4-5 years. Godwin, an ecommerce enablement company, aiming to democratize the purchasing experience and improve GMV realization for ecommerce businesses, has introduced it has raised a $15 million Collection A round led by Sequoia Capital India, which additionally noticed participation from existing investors Matrix Companions India and RTP International.
The corporate has additionally recently partnered with online buying site Fynd to power the online presence of some of probably the most iconic manufacturers in India. With its preliminary product offering, GoKwik has been Vinnie Hacker Store solving two essential issues for ecommerce gamers together with traditional, offline companies and new age, D2C brands, and huge marketplaces. GoKwik raised a $5.5 million pre-Sequence A round, also led by Matrix Companions India, in September 2021. Its shoppers include marquee names in the Indian ecommerce area, Mamaearth, Good Glamm Group (Myglamm), LimeRoad, EyeMyEye, Boat, OZiva, The Souled Retailer, Noise, VMart. Founded within the post-pandemic period, GoKwik is the brainchild of Chirag Taneja (CEO) and Vivek Bajpai (CTO); Ankush Talwar (Chief Knowledge Scientist) can also be part of the founding group.
Conversion charges. Godwin makes use of its proprietary AI/ML fashions to assist scale back RTO orders. Enhance Money on Delivery (CoD) conversion charges. This triggered the concept of GoKwik, primarily to democratize the shopping experience by providing a tech and information science layer to increase the GMV of ecommerce companies across India. To encourage online buying and induce prospects to purchase online, many main online buying portals give products at serious low-cost charges. Value: Do not buy an expensive full-sleeve t-shirt; surf the whole internet and examine the costs before shopping for men’s full-sleeve t-shirts online. Additionally, buy it in bulk and combo gives to save lots of cash. Most Kanye West Merch drops around the same time as his albums as a manner of commemorating the release or occasion.