About Giftiicon
Giftiicon is a company based in Bengaluru (India) founded in 2019 by Ji Hyun Chong, Divya Teja Kondeti, and Nakkyun Chong. Giftiicon has raised $2.87 million across 3 funding rounds from investors including Tillerman & Co, Bgs International and Ossonco. Giftiicon operates in a competitive market with competitors including Ferns N Petals, FlowerAura, Taj Online, Winni and Engrave, among others.
- Headquarter Bengaluru, India
- Founders Ji Hyun Chong, Divya Teja Kondeti, Nakkyun Chong
- Stage Minicorn
- SectorsRetail
- Email••••••••
- Website giftiicon.com
- Social LinkedIn X Facebook
- Legal Name Giftiicon Solutions India Private Limited
- Date of Incorporation 19 Jun, 2019
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹92,940
FY 2022 · -79% YoY
- Net Loss-₹5.79 Cr
FY 2022 · -62253% margin
- EBITDA-₹2.45 Cr
FY 2022 · -26400% margin
- Total Equity Funding$2.87M (USD)
in 3 rounds
- Latest Funding Round$2.3M (USD), Seed
Aug 2021
- InvestorsTillerman & Co
& 14 more
Associated legal entities of Giftiicon
Giftiicon operates through Giftiicon Solutions India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Giftiicon Solutions India Private Limited CIN U72900KA2019PTC125391 | Active | 19 Jun 2019 | Bangalore, Karnataka | ₹0.0 Cr | – | 3 | View details |
Funding Insights of Giftiicon
Giftiicon has successfully raised a total of $2.87M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $2.3 million completed in August 2021. 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 $2.87M
- Total Rounds 3
- Last Round Seed — $2.3M
- First Round $436,818
(Jan 2020)
- Investors Count 15
All 3 funding rounds of Giftiicon 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 |
|---|---|---|---|---|---|
| Aug 2021 | $2.3M | Seed | – | Bgs International, Tillerman & Co | – |
| Apr 2021 | $128,720 | Seed | $3.62M | Ossonco | |
| Jan 2020 | $436,818 | Seed | $3.63M | BGS International |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2021 | $3.62M | •••••••• |
| Jan 2020 | $3.63M | •••••••• |
Last known valuation $3.62M (Apr 2021). 15 investors in total: 5 institutional and 10 angel.
Investors in Giftiicon
Giftiicon has secured backing from 15 investors, including institutional and angel investors. Prominent investors backing the company include Tillerman & Co, Bgs International and Ossonco.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Offers quality K-12 education with extracurricular activities in New Delhi for student growth. | 2003 | bgsips.net | Delhi, India | |
Investment and merchant banking services for middle-market businesses are provided. | 2015 | tillermanco.com | Grand Rapids, United States | |
- | – | ossonco.tcc.mode | - | |
Offers market research services including data collection, analysis, and reporting. | 2018 | mercuryproject.sg | Singapore, Singapore | |
BGS International is engaged in supplying automotive and industrial products. | – | bgsintl.com | Chennai, India | |
JT Jung Tae Chae | - | – | unknown_fe98da57f28644bb9 | - |
SL Seok-Hoon Lee | Angel investor in Indian startups, focused on tech and innovation. | – | unknown_c632b90c12944bd1b | - |
LC Lee Chee How | - | – | unknown_37da8aef4bd44ec88 | - |
SP Sungha Park | - | – | unknown_4c337a91a8b14fdaa | - |
SH Song Hyun Lee | - | – | unknown_0d7b454f8ce247f59 | - |
Investor details for Giftiicon
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 Giftiicon Solutions India Private Limited (Giftiicon)
Giftiicon Solutions India Private Limited is the primary company behind Giftiicon. The board of Giftiicon Solutions India Private Limited currently have 2 directors; the longest-serving is Nakkyun Chong, appointed in 2019. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nakkyun Chong DIN 07608796 | Managing Director | 27 Jun 2019 | 7 yrs 3 mo | Giftiicon Solutions India Private Limited |
| Ji Hyun Chong DIN 09118386 | Director | 26 Mar 2021 | 5 yrs 6 mo | Giftiicon Solutions India Private Limited |
People of Giftiicon
3 people are tracked at Giftiicon (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
| Founder & Chairman of the Board | Leadership |
Complete people profiles for Giftiicon
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 Giftiicon
Figures of Giftiicon Solutions India Private Limited, the primary company behind Giftiicon, for FY 2022. Revenue was ₹92,940 (-79% year on year). Net loss was -₹5.79 Cr (-62253% margin). EBITDA was -₹2.45 Cr (-26400% margin).
- ₹92,940Revenue · FY 2022 · -79% YoY
- -₹5.79 CrNet loss · -62253% margin
- -₹2.45 CrEBITDA · -26400% margin
- ₹14.69 CrPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Giftiicon Solutions India Private Limited are on its company page.
Detailed financial statements for Giftiicon
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 Giftiicon
4 dated milestones of Giftiicon across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Giftiicon is founded.
- Funding First funding round of $437K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $2.3M.
Competitors of Giftiicon
Giftiicon 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 Ferns N Petals, FlowerAura, Taj Online, Winni and Engrave, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fnp.com | 1994 | Delhi, India | $26.14M | 638 | Flowers and gifting products are delivered through an online platform. | |
| floweraura.com | 2010 | Gurugram, India | $16M | 135 | Multi-category gifting products are provided via an online platform. | |
| tajonline.com | 1998 | Mumbai, India | – | 46 | Online platform to buy and send gifts | |
| winni.in | 2012 | Bengaluru, India | – | 64 | Multi-category gifting products are offered via an online platform. | |
| engrave.in | 2011 | Mumbai, India | $532,200 | – | Photo-etched personalized gifts are retailed online in India. | |
| mygiftmart.com | 2012 | Bengaluru, India | – | 27 | Personalized gifts are retailed online for events across India. | |
| indigifts.in | 2017 | Jaipur, India | $57,635 | – | Multi-category gifting products are sold through an online platform. | |
| bigsmall.in | 2015 | Delhi, India | – | – | Offers an online platform for purchasing quirky and funny gifts. |
Detailed competitors of Giftiicon
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Giftiicon
Complete news archive for Giftiicon
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Giftiicon
10 companies that operate in the same segment as Giftiicon (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 Giftiicon
Giftiicon was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Giftiicon is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Ji Hyun Chong is the current CEO of Giftiicon. They have also founded this company.
Giftiicon is a funded company, having raised a total of $2.87M across 3 funding rounds to date. The company's 1st funding round was a Seed of $436.82K, raised on Jan 2020.
The primary company behind Giftiicon, Giftiicon Solutions India Private Limited, reported revenue of ₹92,940 for FY 2022, down 79% year on year.
Founded in 2019 and based in Bengaluru, India, Giftiicon operates a digital gifting platform. Personalized gift messages are sent by users through a mobile app and redeemed for physical products. Services target individual users from Gen Z to young professionals, as well as corporates for reward and recognition needs. The platform facilitates convenient gifting across personal and business contexts.
Giftiicon's top competitors include Ferns N Petals, FlowerAura and Taj Online.
Giftiicon has 15 investors. Key investors include Tillerman & Co, Bgs International, Ossonco, MERCURY PROJECT, and BGS International.
The valuation of Giftiicon is $3.62M as of Apr 2021.
Giftiicon operates through Giftiicon Solutions India Private Limited.
The legal entities of Giftiicon currently have 2 directors, including Ji Hyun Chong, Nakkyun Chong.