GoKwik, a Gurugram-based e-commerce enablement company today announced its partnership with Snapdeal. The company will use GoKwik’s AI & Machine learning solutions to offer an enhanced, customized shopping experience to its users.
Snapdeal will integrate GoKwik’s AI-Model that studies customer behavior across various stages of the shopping funnel by analyzing over 200+ parameters, including historical data and customer behavioral patterns etc. The AI model will assist Snapdeal in gaining useful insights in order to provide customers with relevant and customized shopping experiences. GoKwik will also help uncover industry insights with the vast network intelligence it has built by analyzing the vast amount of industry-relevant data.
Currently, Snapdeal draws more than 86% of its orders from outside the metro cities, with more than 72% of the orders flowing from buyers living in smaller cities and towns. Snapdeal will also use GoKwik’s automated address correction, which verifies the accuracy of the addresses customers provide and find their exact locations by identifying the nearby area. This intervention is designed to have a positive impact on package delivery rates and also ensure that returning customers don’t have to fill in these details again and complete their shopping quickly and easily.
Speaking on the partnership, Sarvartha Kanchan, Vice President – Supply Chain Management and Customer Experience, Snapdeal said, “With Snapdeal’s extensive connect with emerging online buyers, especially across India’s smaller cities and towns, implementation of new digital technologies is an important part of our strategy to enhance user experience. GoKwik’s AI/ML-enabled model will help us offer a customized experience that factors in the diversity amidst our user base”
On the partnership, Chirag Taneja, Founder & CEO, GoKwik said, “It gives us immense pride to partner with Snapdeal, one of the pioneers in Indian eCommerce space. Snapdeal is today playing a key role in expanding India’s e-commerce footing to include a vast set of new buyers, especially from Bharat. GoKwik is aimed at creating customised, robust and effective solutions that will act as the fuel to smoothen the shopping experience for new and regular online shoppers. We look forward to deploying our AI algorithms in support of Snapdeal’s mission to go deeper into India’s Tier 3 & 4 cities.”
GoKwik is an e-commerce enablement company on a mission to democratize the shopping experience and increase GMV realization for e-commerce businesses. It trusts in a ‘Merchant-First’ philosophy and uses AI/ML technologies to solve hard-hitting problems like Return to Origin (RTO) to solve & better Cash on Delivery (CoD) conversion rates for e-commerce players, vertical marketplaces, including D2C brands. GoKwik’s checkout and UPI solutions help improve checkout conversion rates ensuring higher GMV realization, increased profitability, reduced Customer Acquisition Cost (CAC), and increased delivery rates.
250+ brands including digitally native brands, traditional players, and marketplaces have put their trust in GoKwik leading to million-plus monthly transactions, almost doubling every month. Many leading D2C brands like boAt, Mamaearth, MyGlamm, The Man Company, Heads Up For Tails, The Moms Co., OZiva, TCNS Clothing Co. (W, Aurelia and Wishful), LimeRoad, ManMatters, Bodywise, Neeman’s, The Whole Truth, The Souled Store, EyeMyEye and more are already leveraging GoKwik’s solutions to empower their online businesses to deliver a BEST-IN-CLASS experience to their customers.
GoKwik is backed by Sequoia Capital India, Matrix Partners India, RTP Global, and marquee angels.
About GoKwik
GoKwik was founded in 2020 with one simple mission, to democratize the shopping experience by helping eCommerce brands boost conversions while providing RTO protection. The company is backed by Sequoia Capital India, Matrix Partners India, RTP Global, and marquee angels.
GoKwik is an e-commerce enablement company focusing predominantly on solving crucial e-commerce issues like boosting conversion rates across the e-commerce funnel and reducing RTO for their partners. It leverages AI/ML technologies to solve hard-hitting problems like RTO to increase CoD conversion rates. GoKwik’s 1-click quick checkout improves checkout conversion rates ensuring higher GMV realization and reduced marketing CAC.
It is helmed by Chirag Taneja (Chief Executive Officer), Vivek Bajpai (Chief Technology Officer), and Ankush Talwar (Chief Data Scientist). GoKwik’s team has deep knowledge in the space of e-commerce with people having previous experience in Flipkart, Razorpay, Swiggy, Myntra, Nykaa, and more. Link – https://www.gokwik.co/
