About GCI Network
GCI Network is a company based in Mumbai (India) founded in 2010 by Cory York and Firoz Khan was acquired by Swych in May 2018. GCI Network has raised $225.91 thousand across 1 funding round from investors including GoSwych, Rajan Anandan and Hemant Kanakia. The company has 6 employees.
- Headquarter Mumbai, India
- Employees 6
- Founders Cory York, Firoz Khan
- Stage Minicorn
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website gcinetwork.co
- Social LinkedIn
- Acquired by Swych (May 2018)
- Legal Name Gci Network Private Limited
- Date of Incorporation 25 Apr, 2011
- Jurisdiction Mumbai, Maharashtra, India
Associated legal entities of GCI Network
GCI Network operates through Gci Network Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Gci Network Private Limited CIN U52590MH2011PTC216597 | Strike Off | 25 Apr 2011 | Mumbai, Maharashtra | ₹39.4 Cr | 6 | 3 | View details |
Funding Insights of GCI Network
GCI Network has successfully raised a total of $225.91K through 1 strategic funding round. The most recent funding activity was a Seed round of $225.91 thousand completed in December 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $225,909
- Total Rounds 1
- Last Round Seed — $225,909
- First Round $225,909
(Dec 2014)
- Investors Count 2
All 1 funding rounds of GCI Network with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2014 | $225,909 | Seed | $2.93M | – |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2014 | $2.93M | •••••••• |
Last known valuation $2.93M (Dec 2014). 3 investors in total: 1 institutional and 2 angel.
Investors in GCI Network
GCI Network has secured backing from 3 investors, including angel investors. Prominent investors backing the company include GoSwych, Rajan Anandan and Hemant Kanakia.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
RA Rajan Anandan | Managing Director at Peak XV, ex-Google India head, prolific angel investor | – | unknown_a9c83d88099d42628 | - |
HK Hemant Kanakia | Indian angel investor, founder of Kanakia Group, focuses on tech startups | – | unknown_5b24631e7a234879b | - |
Online retailer of gift cards and wallet to store them | 2015 | goswych.com | Plano, United States |
Investor details for GCI Network
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Gci Network Private Limited (GCI Network)
Gci Network Private Limited is the primary company behind GCI Network. The board of Gci Network Private Limited currently have 2 directors; the longest-serving is Firoz Mohammed Hayath Khan, appointed in 2011. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Firoz Mohammed Hayath Khan DIN 03468820 | Director | 25 Apr 2011 | 15 yrs 5 mo | Gci Network Private Limited |
| Deepak Jain DIN 07849688 | Director | 10 Apr 2018 | 8 yrs 6 mo | Gci Network Private Limited |
People of GCI Network
2 people are tracked at GCI Network (2 in leadership); the tracked headcount is 6.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for GCI Network
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of GCI Network
Figures of Gci Network Private Limited, the primary company behind GCI Network, for FY 2021. Revenue was ₹39.39 Cr (-85% year on year). Net loss was -₹1.23 Cr (-3% margin). EBITDA was -₹1.00 Cr (-3% margin). Revenue has grown at a compounded annual rate of -8% over three years and -6% over five years.
- ₹39.39 CrRevenue · FY 2021 · -85% YoY
- -₹1.23 CrNet loss · -3% margin
- -₹1.00 CrEBITDA · -3% margin
- ₹1.1 LakhPaid-up capital
- 6Employees (provident fund records)
- -8%Revenue CAGR, 3 years
- -6%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Gci Network Private Limited are on its company page.
Detailed financial statements for GCI Network
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of GCI Network
4 dated milestones of GCI Network across 8 years, from founding to its latest funding, stage changes and deals.
- Founded GCI Network is founded.
- Funding First funding round of $226K.
- Milestone Reaches Minicorn status.
- Exit Acquired by Swych.
Similar companies to GCI Network
10 companies that operate in the same segment as GCI Network (Stationery, Gifting & Handicrafts E-Commerce), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Personalized video messages from celebrities are booked online. | 2017 | Chicago, Illinois, United States | USD 193.71 M | – | 301 | |
Smart notebooks are offered for digital sketching and note-taking. | 2013 | Oslo, Oslo, Norway | USD 15 M | – | – | |
Reward-based crowdfunding is enabled via no-inventory t-shirt sales. | 2000 | Fairfax, Virginia, United States | USD 41.75 M | USD 191.13 K | 1,596 | |
Flowers are delivered via an online subscription platform. | 2013 | London, England, United Kingdom | USD 171.47 M | – | – | |
Multi-category gifts are curated online for special occasions. | 2006 | Richmond, United Kingdom | USD 57.58 M | – | 192 | |
Multi-category gifting products are provided through an online platform. | 2015 | Mumbai, Maharashtra, India | USD 4.35 M | USD 916.16 K | – | |
Online wedding registry and gifts marketplace is operated. | 2013 | New York, New York, United States | USD 141.1 M | – | 101 | |
Digital gift cards are provided for enterprise incentive programs. | 2009 | Seattle, Washington, United States | USD 57.01 M | – | 267 | |
No detailed company activity is described on the site. | 2011 | Chicago, Illinois, United States | USD 198.67 M | – | 74 | |
AI-powered loyalty, rewards, and employee engagement solutions are provided. | 2012 | Bengaluru, Karnataka, India | USD 100.61 M | USD 98.95 M | 327 |
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Frequently Asked Questions about GCI Network
GCI Network was founded in 2010 and raised its 1st funding round 4 years after it was founded.
GCI Network is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
GCI Network is a funded company, having raised a total of $225.91K across 1 funding round to date. The company's 1st funding round was a Seed of $225.91K, raised on Dec 2014.
GCI Network has 6 employees.
The primary company behind GCI Network, Gci Network Private Limited, reported revenue of ₹39.39 Cr for FY 2021, down 85% year on year.
Founded in 2010 and based in Mumbai, India, GCI Network operates as a prepaid gift card platform in the retail sector. Partnerships are maintained with online and offline retailers to provide cards across categories including apparel, electronics, department stores, restaurants, and hotels. Notable collaborations include Shoppers Stop, Lifestyle, Reliance, Big Bazaar, Titan, KFC, Book My Show, Amazon India, and Dominos Pizza. The network facilitates omnichannel access for consumers.
GCI Network has 3 investors. Key investors include GoSwych, Rajan Anandan, and Hemant Kanakia.
The valuation of GCI Network is $2.93M as of Dec 2014.
GCI Network operates through Gci Network Private Limited.
Yes. GCI Network was acquired by Swych in May 2018.
The legal entities of GCI Network currently have 2 directors, including Deepak Jain, Firoz Mohammed Hayath Khan.