Inbound investor interest, big pocket deals and increasing revenue have attracted a lot of traction and growth in the number of players operating in the software-as-a-service (SaaS) industry. While the success of larger players, including the likes of Salesforce and Microsoft led to startups such as Freshdesk, foraying into the horizontal SaaS landscape, industry growth is also being witnessed in the vertical SaaS domain.
Qwikcilver solutions, gift card technology and prepaid solutions company, has launched a consumer to consumer gift card trading exchange marketplace for consumers. This allows users to convert their unused or partially used gift cards to cash. Buyers, on the other hand, will be able to purchase gift cards at special prices. We had been developing this for the past eight months and are launching this in time for the festive season.
The video highlights Kumar and Pratap’s entrepreneurial journey – the idea behind starting Qwikcilver to the inception and growth of Woohoo.in (Qwikcilver’s e-commerce platform that houses and offers gift cards from the country’s leading brands) and the Woohoo gifting app. Besides sharing the details of their journey and acknowledging the role of the tremendous support they received from their family and friends in helping them build Qwikcilver to what it is today, Kumar and Pratap also share details of the complex yet sophisticated and seamless technology that they use to power and support the extensive and varied gift card programmes of partner companies (big players spanning across both the offline and online world). The duo also provide some insights into the the adoption of the gift cards in tier 2 and tier 3 cities, the revenue models for B2B and B2C businesses and the plans of expansion in the coming years.
Woohoo, the go-to platform for gifting by Qwikcilver solutions, recently engaged with consumers to ask them: ‘What would really make them happy?’ in the context of gifting. This was done through a recently launched video. The campaign talks about how ‘We think we know everything about our loved ones. But do we really?’ A selection of different people that included siblings, mother-daughter and married couples were put through a small test. As part of the test, they were asked a simple question on what they would gift their loved ones to make them truly happy. An interesting observation that was noted at the end of the video was that the majority of people did not know what their loved ones actually wanted as a gift.
Riding on the back of the fast growing Indian etailing market, gifting card solutions provider Qwikcilver sees the value of active cards on its platform reach . 2,000 crore by the end of March. The company, which counts Amazon among its investors, expects to increase this value further five fold in the next three years.
Qwikcilver, India’s pioneering & leading Gift Card Technology company is set to take the next big leap this festive season. Qwikcilver who currently enjoys 90% market share in the Gift Card processing technology segment is projecting this segment to sell 30 lakh Gift Cards this coming festive season. The last fiscal year, the company reported a category sales of 25 lakh Gift Cards and this year it is projecting to further leverage this growing trend and driving sales of over 30 lakh gift cards. Despite the slowdown in the economy and the falling rupee, Qwikcilver and its other initiatives continue to aim high.
This Company offers gift card solutions to retailers, unlike gift vouchers, gift cards can be both partly spent by the receiver & regifted by topping it up. Already, retailers such as World of Titan & Landmark book stores have rolled it out nationally.
Qwikcilver Brings India’s First Round Table for Retailer Branded Gift & Prepaid Cards The First Qwikcilver Round Table for Gift Cards & Prepaid cards was held in Bangalore at Hotel Oberoi on 18th August, 2010. The attendees included various CEOs & CXOs from large retail players including Raghu Pillai, Pradipta Mohapatra ( Ex-Chairman RPG Retail), Business Heads from Shoppers Stop, Trent, Titan, Aditya Birla Nuvo Ltd, Mantri Square Mall Management team etc.
Qwikcilver Solutions pioneer in providing Stored Value Card Solutions in India proudly announced today that it has been nominated into the FINAL ROUND for the category of “Best Prepaid Organisation in Asia” in the GLOBAL PREPAID AWARDS 2011! Qwikcilver Solutions have been shortlisted from host of international and national players for these global honours. The Global Prepaid Awards is known for its integrity and professionalism as it strives to attract the best of breed from Prepaid & Gift Card Products around the world.