Qikwork Services Private Limited
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Qikwork Services Private Limited - overview
Established
2020
Location
Bangalore, Karnataka, India
Primary Industry
Software
About
Based in India, Qikwork Services Private Limited specializes in providing innovative digital solutions for blue-collar workforce management through its proprietary platform, SmartX. Qikwork Services Private Limited is an Indian company headquartered in Bangalore, founded in 2020. The firm focuses on enhancing workforce management for blue-collar workers. Its founders include Aravind Reddy, Arpit Dave, Ayush Gautam, Gnanesh Chilukuri, and Viral Chhajer, with Arpit Dave also serving as CEO.
The company has raised a total of USD 5. 70 mn, with its most recent funding round, the SERIES A, taking place on September 11, 2023, featuring investments from Arkam Ventures, Blume Ventures, and Nexus Venture Partners. Qikwork Services Private Limited operates Smartstaff, which delivers comprehensive digital solutions to improve blue-collar workforce management. The core product, SmartX, integrates functionalities such as attendance tracking, payroll processing, and automated employee referrals into a single platform.
SmartX utilizes facial recognition for attendance verification and is tailored for staffing companies and employers across India, ensuring compliance with labor regulations and enhancing operational efficiencies. In the most recent year of 2023, Qikwork Services reported revenue of USD 1,902,088. 20 and an EBITDA of USD -2,735,803. 90.
Revenue is generated through subscription-based models, charging clients for access to SmartX’s suite of services which enhances workforce management through automated features and a marketplace, Smartmall, that offers additional services. Looking ahead, Qikwork Services aims to leverage its recent funding from PERSOL VENTURE PARTNERS, raised in September 2023, to deliver advanced solutions to the Indian staffing industry. The company plans to roll out new features for the SmartX platform and expand its market presence in India, focusing on enhancing its service delivery and operational capabilities.
Current Investors
Nexus Venture Partners, Blume Ventures, Gemba Capital
Primary Industry
Software
Sub Industries
Accounting/Finance Software, HR & Workforce Software, Systems Management Software
Website
www.smartstaff.co.in
Verticals
Cloud Computing, Mobile Apps
Company Stage
Series A
Total Amount Raised
Subscriber access only
Qikwork Services Private Limited - timeline of key events
Qikwork Services Private Limited - financials
| Fiscal Year Ended | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|
| Revenue (USD) | 1,304,660 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - |
| EBITDA (USD) | (11,706,615) | - | - | - |
| Operating Income (USD) | (11,747,950) | - | - | - |
| Operating Margin | (900.5%) | - | - | - |
| % EBITDA Margin | (897.3%) | - | - | - |
| NET Income (USD) | (9,372,747) | - | - | - |
| % Net Margin | (718.4%) | - | - | - |
Qikwork Services Private Limited - employee data
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