About GiftCardsIndia
GiftCardsIndia is a company based in Mumbai (India) founded in 2010 was acquired by Swych in May 2018.. The company has 6 employees as of April 04, 2024. GiftCardsIndia has completed 2 acquisitions, including Giftery and GoSwych. GiftCardsIndia operates in a competitive market with competitors including FutureBazaar, Gift Big and Budgetree, among others.
- Headquarter Mumbai, India
- Employees 6 as on 04 Apr, 2024
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Gci Network Private Limited
- Date of Incorporation 25 Apr, 2011
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$5.3 M (USD)-85.21as on Mar 31, 2021
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Net Profit
$-164.93 K (USD)-135.88as on Mar 31, 2021
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EBITDA
$-193.32 K (USD)-1781.58as on Mar 31, 2021
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Latest Funding Round
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Investors
GoSwych
& 2 more
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Employee Count
6
as on Apr 04, 2024
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Investments & Acquisitions
Giftery
& 1 more
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Acquired by
Swych
(May 07, 2018)
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Funding Insights of GiftCardsIndia
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2014 | Amount | Seed - GiftCardsIndia | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in GiftCardsIndia
GiftCardsIndia has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include GoSwych, Blume Ventures and Rajan Anandan. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Seed and early-stage investments are made across sectors in India.
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Founded Year | Domain | Location | |
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RA
Rajan Anandan |
Managing Director at Peak XV, ex-Google India head, prolific angel investor
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Founded Year | Domain | Location |
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Online retailer of gift cards and wallet to store them
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by GiftCardsIndia
GiftCardsIndia has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Giftery and GoSwych. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online retailer of gift cards and wallet to store them
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2015 | ||||
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Giftery is engaged in selling jewelry and personalized gifts online.
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0 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - GiftCardsIndia
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Giftcardsindia Comparisons
Competitors of GiftCardsIndia
GiftCardsIndia operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as FutureBazaar, Gift Big and Budgetree, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Operates as an ecommerce platform for Future Group, specializing in the sale of gift vouchers.
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| domain | founded_year | HQ Location |
Manages an e-commerce store offering physical and digital gift cards.
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| domain | founded_year | HQ Location |
Platform for managing corporate rewards, boosting employee morale, and enhancing client relationships.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about GiftCardsIndia
When was GiftCardsIndia founded?
GiftCardsIndia was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Where is GiftCardsIndia located?
GiftCardsIndia is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
How many employees does GiftCardsIndia have?
As of Apr 04, 2024, the latest employee count at GiftCardsIndia is 6.
What is the annual revenue of GiftCardsIndia?
Annual revenue of GiftCardsIndia is $5.3M as on Mar 31, 2021.
What does GiftCardsIndia do?
GiftCardsIndia is an online gift card aggregator and gifting portal. Offers Gift Vouchers and Cards across several categories such as electronics, apparel, hotels and restaurants, departmental stores, among others, and also offers multiple payment options. Claims 300 brand partners including Flipkart, Lifestyle, Big Bazaar, Shoppers Stop, Jabong, Titan, Dominos Pizza and ITC Hotels. Acquired Mumbai-based social gifting website Giftery in Dec 2014. Sold over 250K pre paid cards in less than 4 years with INR 30 Crores (5M) in 4 years of sales. Raised an undisclosed amount in funding led by Blume Ventures and Google India MD Rajan Anandan in Dec 2014.
Who are the top competitors of GiftCardsIndia?
GiftCardsIndia's top competitors include FutureBazaar, Gift Big and Budgetree.
How many acquisitions has GiftCardsIndia made?
Who are GiftCardsIndia's investors?
GiftCardsIndia has 3 investors. Key investors include GoSwych, Blume Ventures, and Rajan Anandan.