Total amount raised
$8 Millions
Latest funding date
12/01/2020
Location
IGP has successfully raised funding through multiple rounds, with its last funding type being a Seed round. The company has attracted a diverse group of investors, including 100Unicorns and Abhijeet Birewar.
Keep reading to explore the intricacies of IGP's fundraising journey and the investors backing this innovative platform.
What Is IGP?
IGP, founded in 2000, is India's largest online gifting store, offering curated gifts, cakes, flowers, and personalized products for all occasions and festivals. The company operates from Mumbai, Maharashtra, and serves over 100 countries globally. Founded by Manan Sharma and Tarun Joshi, IGP employs between 1001-5000 people.
How Much Funding Has IGP Raised?
- Angel Round
- Amount Raised: $2M
- Date: October 2016
- Lead Investors: Naveen Arya, Tarun Joshi
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and establish a market presence.
- Seed Round
- Amount Raised: $3M
- Date: December 2017
- Lead Investors: Venture Catalysts
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the product line and enhance the platform's infrastructure.
- Seed Round
- Amount Raised: $3M
- Date: December 2020
- Lead Investors: 100Unicorns
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve branding efforts.
Total Amount Raised: $8M. Current Valuation: Not publicly disclosed.
Key Investors
Here are the major investors in IGP:
- 100Unicorns
- Details: 100Unicorns is a venture capital firm that focuses on early-stage investments in high-growth startups. They aim to support innovative companies with the potential to become market leaders.
- Investment Focus Areas: Technology, E-commerce, Fintech
- Notable Investments: Not publicly disclosed
- Venture Catalysts
- Details: Venture Catalysts is an integrated incubator that provides funding, mentorship, and network support to startups. They have a strong presence in India and focus on nurturing early-stage companies.
- Investment Focus Areas: Healthcare, Fintech, Consumer Services
- Notable Investments: Not publicly disclosed
- Naveen Arya
- Details: Naveen Arya is an angel investor known for backing early-stage startups. He has a keen interest in technology-driven businesses and has invested in several successful ventures.
- Investment Focus Areas: Technology, E-commerce, SaaS
- Notable Investments: Not publicly disclosed
- Tarun Joshi
- Details: Tarun Joshi is a co-founder of IGP and a technology entrepreneur with extensive experience in the e-commerce sector. He has played a crucial role in the growth and development of IGP.
- Investment Focus Areas: E-commerce, Technology, Consumer Goods
- Notable Investments: Not publicly disclosed
Note: The information about notable investments and specific focus areas for some investors was not available in the provided sources.
What's Next for IGP?
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