Bangalore based online gifting company Giftxoxo has raised an angel round of funding from Kshatriya Ventures. The funds were raised this year in May but the amount of the deal has been left undisclosed as reported by Nextbigwhat.
Company plans to expand its operations to other cities including Delhi & Mumbai with the help of raised funds.
Giftxoxo provides personal as well as corporate gifting and has approximately 150 clients across country. The company claims to have more than 200 product brands listed on their platform. Products include office supplies, apparels, electronic items, art and craft items, Greeting cards, cakes, flowers, home appliances, etc.
It also provides egift and physical gift vouchers from Flipkart, Jabong, Yebhi, MakeMyTrip, Dominos, Puma, Louis Philippe, Peter England, Van Heusen, Big Bazaar, Big cinemas, Pantaloons, Shoppers Stop, Fun Cinemas, etc.
Giftxoxo had commenced its operations in April last year co-founded by Sumit Khandelwal, Manoj Agarwal, and Abhishek Kumar. It is headquartered in Bangalore with branch offices in Delhi, Mumbai, Raipur, Kolkata and Jamshedpur.
It competes with Giveter, Giftbig, Indiangiftsportal, Gifts2India.