Gifting card solutions provider QwikCilver has raised a new round of funding, pegged at $10 million (Rs 67 crore), led by Sistema Asia Fund, the proprietary fund of Russian conglomerate Sistema. The funding will be utilized to double the value of gift cards it sells to Rs 4,000 crore in the current fiscal year and international expansion to markets in Middle East, Southeast Asia and Australia, where it is currently tying up with brands and merchants.