<article>Gifting card solutions provider QwikCilver, Workspace rental platform Qdesq and retail tech startup 10i Commerce have all raised funds.</article>

Gifting card solutions provider QwikCilver, Workspace rental platform Qdesq and retail tech startup 10i Commerce have all raised funds.
<h3>QwikCilver raises $10m in a round led by Sistema Asia Fund</h3>
Gifting card solutions provider <a style="color: #000080;" href="https://qwikcilver.com/">QwikCilver</a> has raised around $10 million in its latest funding round led by <a style="color: #000080;" href="http://dealstreetasia.com/tag/sistem-asia-fund">Sistema Asia Fund</a>, the proprietary fund of Russian conglomerate Sistema, according to <a style="color: #000080;" href="http://economictimes.indiatimes.com/small-biz/money/sistema-others-load-rs-67-crore-onto-qwikcilver-gift-card/articleshow/53371139.cms">a report</a> in The Economic Times.
Other existing including Amazon Asia-Pacific, <a style="color: #000080;" href="http://dealstreetasia.com/tag/accel-india">Accel India </a>and <a style="color: #000080;" href="https://qwikcilver.com/helion-venture">Helion Venture Partners</a>, have also participated in the latest funding round.
The Bengaluru-based startup plans to use the funding to double the value of gift cards it sells to Rs 4,000 crore in the current fiscal year. It also plans to expand to overseas in Middle East, Southeast Asia and Australia where it is currently tying up with brands and merchants.
<h3>Workspace rental platform Qdesq raises angel funding</h3>
Workspace rental platform, <a style="color: #000080;" href="https://www.qdesq.com/">Qdesq</a>, has angel investment led by Kajaria Ceramics Joint MD Rishi Kajaria, Jaipuria Beverage and Food Director Ruchirans Jaipuria and Jai Drinks Director Anuraag Jaipuria, said a Press Trust of India <a style="color: #000080;" href="http://www.business-standard.com/article/pti-stories/qdesq-raises-angel-funding-to-tap-workspace-market-116072400130_1.html">report</a>. The amount of the funding was not disclosed.
Existing investors Dheeraj Jain (Partner, Redcliffe Capital), Ankush Nijhawan, Gaurav Bhatnagar and Manish Dhingra also participated in this latest round.
The company, which was founded in 2015, plans to use the funding to expand its presence in other metro cities like Mumbai and Bengaluru. It also plans deploy the capital for marketing and strengthening its technology backbone.
&#8220;We aim to have 200 monthly bookings in on-demand business and 500 workdesk under ongoing monthly occupation before our first year anniversary in December this year,&#8221; Qdesq founder Paras Arora said.
<h3>Nandan Nilekani backs e-commerce startup 10i Commerce</h3>
Infosys cofounder <a style="color: #000080;" href="http://dealstreetasia.com/tag/nandan-nilekani">Nandan Nilekani</a> has backed Bengaluru-based <a style="color: #000080;" href="http://10i.co.in/">10i Commerce Services</a>, which is aimed at helping smaller retail stores compete with large online retailers through its technology platform ShopX, said <a style="color: #000080;" href="http://economictimes.indiatimes.com/small-biz/startups/infosys-cofounder-nandan-nilekani-invests-in-ecommerce-startup-10i-commerce-services/articleshow/53371079.cms">a report</a> in The Economic Times said quoting according to a source and documents filed with the Registrar of Companies.
As per the report, the startup, which has been operating for a year, has so far raised Rs 25-30 crore from Nilekani, who as of now is the sole investor in the startup with a minority stake.
&#8220;What 10i is trying to do with ShopX is provide the traditional, small retailer the same level of technology, logistics, sophistication and supply which ecommerce or organised retail gives. So, that&#8217;s what attracted me to it — using technology you can aggregate hundreds of thousands of small retailers and give them access to the best products, give them access to the best technology and so on,&#8221; said Nilekani.
Also Read:
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/39211-39211/">Mumbai-based Seclore raises $12m Series B round led by Sistema Asia Fund</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/russias-sistema-is-setting-up-50m-fund-to-invest-in-asian-startups-29904/">Russia’s Sistema sets up $50m fund to invest in Indian startups</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/india-dealbook-41-45326/">India Dealbook: Nandan Nilekani backs Drishti; Rise India buys majority stake in Padhopadhao.com</a>
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Gifting card solutions provider QwikCilver, Workspace rental platform Qdesq and retail tech startup 10i Commerce have all raised funds.

India Dealbook: Startups QwikCilver, Qdesq, 10i Commerce raise funds

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