GoKwik Bags $13 Mn To Boost Its AI-led Commerce Stack

The e-commerce enablement startup, GoKwik, has bagged $13 million in a new funding round. The company provides an AI-led technology stack to D2C brands and other e-commerce platforms to help them reduce cart abandonment and to improve their cash-on-delivery (COD) order conversion rates. GoKwik's AI-powered tools help merchants to better identify and serve their customers, leading to a more seamless checkout experience. The fresh funds will be used by the company to further develop its AI and machine learning capabilities, to expand its product suite, and to onboard more e-commerce businesses onto its platform. The successful funding round highlights the massive demand for technology solutions that can help online retailers to improve their operational efficiency and to boost their sales in the highly competitive e-commerce market.