About Giveter Gifts
Giveter Gifts was a Retail company based in Gurugram (India) founded in 2012 by Avinash Saxena and Mayank Bhangadia. Functions as an online retail platform for multi-category personalized gifts. It operates on a B2C model. Giveter Gifts has raised $500 thousand across 1 funding round from investors including India Quotient, 5ideas and Binny Bansal. The company has 75 employees. Its Indian entity Relevant E-Solutions Private Limited reported revenue of ₹8.47 Cr. The company is recorded as dissolved. Its focus areas include E-commerce, Online Retail, Personalized Products and Gift Retail. Its competitors include ZoomIn, Gingercrush and Surprise India; 2 of its 3 listed competitors have raised funding.
Company details
Giveter Gifts, established in 2012, excels in operating online marketplaces, selling products via the internet, personalized products, and gift retail. Functions as an online retail platform for multi-category personalized gifts. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
- Headquarters Gurugram, India
- Employees 75
- Founders Avinash Saxena, Mayank Bhangadia
- SectorsRetail
- Website giveter.com
- Social X
- Legal Name Relevant E-Solutions Private Limited
- Date of Incorporation 29 Jun, 2012
- Jurisdiction Gurugram, Haryana, India
- Annual Revenue₹8.47 Cr
FY 2023 · +102% YoY
- Net Profit₹1.48 Cr
FY 2023 · 17% margin
- EBITDA-₹6.98 Cr
FY 2023 · -82% margin
- Total Equity Funding$500K (USD)
in 1 rounds
- Latest Funding Round$500K (USD), Seed
Dec 2013
- InvestorsIndia Quotient
& 2 more
- Employee Count75
Associated legal entities of Giveter Gifts
Giveter Gifts operates through Relevant E-Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Relevant E-Solutions Private Limited CIN U52100HR2012PTC046388 | Active | 29 Jun 2012 | Gurugram, Haryana | ₹8.5 Cr | 75 | 2 | View details |
Funding Insights of Giveter Gifts
Giveter Gifts has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Seed round of $500 thousand completed in December 2013. 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 $500,000
- Total Rounds 1
- Last Round Seed — $500,000
- First Round $500,000
(Dec 2013)
- Investors Count 3
All 1 funding rounds of Giveter Gifts 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 2013 | $500,000 | Seed | – | – |
3 investors in total: 2 institutional and 1 angel.
Investors in Giveter Gifts
Giveter Gifts has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include India Quotient, 5ideas and Binny Bansal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital and startup support services focused on scaling. | 2012 | 5ideas.in | Gurugram, India | |
Investment in Indian startups across technology and fintech sectors. | 2012 | indiaquotient.in | Mumbai, India | |
BB Binny Bansal | Co-founder of Flipkart, active angel investor, tech entrepreneur | unknown_44247e10e4a94595b |
Investor details for Giveter Gifts
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Board of directors of Relevant E-Solutions Private Limited (Giveter Gifts)
Relevant E-Solutions Private Limited is the primary company behind Giveter Gifts. The board of Relevant E-Solutions Private Limited currently have 2 directors; the longest-serving is Mayank Bhangadia, appointed in 2012. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mayank Bhangadia DIN 05304531 | Director | 29 Jun 2012 | 14 yrs 3 mo | Relevant E-Solutions Private Limited |
| Avinash Saxena DIN 02645205 | Director | 29 Jun 2012 | 14 yrs 3 mo | Relevant E-Solutions Private Limited |
People of Giveter Gifts
2 people are tracked at Giveter Gifts (2 in leadership); the tracked headcount is 75.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Giveter Gifts
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Financials of Giveter Gifts
Figures of Relevant E-Solutions Private Limited, the primary company behind Giveter Gifts, for FY 2023. Revenue was ₹8.47 Cr (+102% year on year). Net profit was ₹1.48 Cr (17% margin). EBITDA was -₹6.98 Cr (-82% margin). Revenue has grown at a compounded annual rate of -18% over three years and +17% over five years.
- ₹8.47 CrRevenue · FY 2023 · +102% YoY
- ₹1.48 CrNet profit · 17% margin
- -₹6.98 CrEBITDA · -82% margin
- ₹4.5 LakhPaid-up capital
- 75Employees (provident fund records)
- -18%Revenue CAGR, 3 years
- +17%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Relevant E-Solutions Private Limited are on its company page.
Detailed financial statements for Giveter Gifts
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Timeline of Giveter Gifts
2 dated milestones of Giveter Gifts across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Giveter Gifts is founded.
- Funding First funding round of $500K.
Competitors of Giveter Gifts
Giveter Gifts has 3 listed competitors in our database, 2 of them funded. They include ZoomIn, Gingercrush and Surprise India.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zoomin.com | 2007 | Mumbai, India | $20.14M | 23 | Digital platform that enables users to create personalized and customized photo books, prints, and gifts | |
| gingercrush.com | 2015 | Vadodara, India | $2.03M | Customized gifting products are provided via an online platform. | ||
| surpriseindia.in | 2019 | Indore, India | Offers an online gifting portal with cake and flower delivery services. |
Detailed competitors of Giveter Gifts
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Web traffic of Giveter Gifts
Websites that share an audience with Giveter Gifts (giveter.com).
Websites whose visitors overlap most with Giveter Gifts. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
indiangiftsportal.com | indiangiftsportal.com | 100% | #691,227 | – | |
| excitinglives.com | 90% | 23.3K | #1,169,640 | View details | |
| delightgifts.in | 86% | View details | |||
buyhimthat.com | buyhimthat.com | 83% | – | ||
| giftsbymeeta.com | 74% | View details | |||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 18 similar websites and full traffic analytics for Giveter Gifts
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Top companies in Stationery, Gifting & Handicrafts E-Commerce
2 companies that operate in the same segment as Giveter Gifts (Stationery, Gifting & Handicrafts E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Multi-category gifting products are provided through an online platform. | 2015 | Mumbai, Maharashtra, India | USD 4.35 M | USD 916.16 K | ||
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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Related news about Giveter Gifts
Complete news archive for Giveter Gifts
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Frequently Asked Questions about Giveter Gifts
Giveter Gifts was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Giveter Gifts is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Giveter Gifts is a funded company, having raised a total of $500K across 1 funding round to date. The company's 1st funding round was a Seed of $500K, raised on Dec 2013.
Giveter Gifts has 75 employees.
The primary company behind Giveter Gifts, Relevant E-Solutions Private Limited, reported revenue of ₹8.47 Cr for FY 2023, up 102% year on year.
Giveter Gifts, established in 2012, excels in operating online marketplaces, selling products via the internet, personalized products, and gift retail. Functions as an online retail platform for multi-category personalized gifts. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
Giveter Gifts's top competitors include ZoomIn, Gingercrush and Surprise India.
Giveter Gifts has 3 investors. Key investors include India Quotient, 5ideas, and Binny Bansal.
Giveter Gifts operates through Relevant E-Solutions Private Limited.
The legal entities of Giveter Gifts currently have 2 directors, including Mayank Bhangadia, Avinash Saxena.