Gift card co Qwikcilver plans expansion to Russia and SE Asia
Gift card solutions provider Qwikcilver is planning to expand to Russia and Southeast Asia, hoping to leverage its investor network to tap into the new markets. The company had in July last year raised Rs 67 crore from investors led by Sistema Asia Fund, the proprietary fund of Russian conglomerate Sistema. “We are backed by the board now to venture outside of India and have inbound interest from retail players for the Russian market.