to instantly read 150+ free stories & 250-word summaries of all our stories

Silver bullet

Qwikcilver: Pine Labs sends itself a $110-million online gift voucher

Offline payments processor Pine Labs is going online with its acquisition of gifting platform Qwikcilver. There is little precedence for this move even globally. While there’s a first-mover advantage, it is a risky move

04/04/19

Arundhati Ramanathan

The Qwikcilver buy unlocks more revenue, more markets and the network to take Pine Labs to online merchants

Online and offline payment companies are wading into each other’s waters as they all try to get a 360-degree view of the user

Qwikcilver’s revenues come as a big top up for Pine Labs’ revenues

Out of all the growth paths available, Pine Labs’ best bet is to earn more out of every merchant it is catering to

gift.jpeg

Want to read a free 200 word summary?

The best gifts are those that keep on giving. It turns out buying a gift-management platform could work out the same. Offline payment processor Pine Labs bought gifting platform Qwikcilver Solutions for $110 million last month. And that buy checks multiple boxes for Pine Labs—more revenue, more retailers to reach out in India and internationally….

To access this post, you must purchase Monthly Recurring, Quarterly or Weekly Product.

Read the full story. Subscribe now.

Why subscribe? Let us explain.

Already Registered?

Related stories

More stories in /Business & /Startups

See all in Business, Reportage & Startups

This story is for subscribers only.
or

Read the full story. Subscribe now.

Why subscribe? Let us explain.

The selected story is available only for paid subscribers. Might want to change your mind!

Subscribe now

Already Registered?

Questions?

What is The Ken?

The Ken is a subscription-driven media site. We write one story a day (weekdays only). These stories have sharp, original insights on technology, business, science and healthcare from India.

Why do I have to sign up to read your stories?

Our stories are not free. Well, some select stories are. But, a significant part of what we write at The Ken is for subscribers only. We put in a lot of effort and resources in writing our stories and believe that you must pay for good journalism.
Hence, our three plans. 1) The annual membership
2) The free sign up
3) The recurring quarterly subscription

On journalism and why you should pay for it, if you haven’t already seen it, here’s a great explainer from John Oliver.

So, one must pay for journalism?

Yes.

How many stories will I get if I take an annual membership?

200+ stories.

And, in the free sign up?

Four stories every month.

Do I get a refund?

We allow you to sample our journalism for free before signing up, and after you do, we stand by its quality. But we do not offer refunds.

I am not getting my daily emails. Do I have to whitelist emails from The Ken?

An added benefit of your subscription (free/paid) are the daily personalised emails. These emails, at times, might end up in your spam/junk folder due to emojis, attachments or images. In case you’re not receiving these emails, it might help to whitelist us. If the problem still persists, write to us at [email protected].

Why am I unable to access the archives?

Full and unrestricted access to our archives is a feature of our annual membership.

My payment is not going through, what can I do?

Please write to us at [email protected] detailing the payment error or queries.

See all FAQs

    See all results for Ken

    No results found for Ken.