Total amount raised
$8 Million
Latest funding date
12/01/2020
Location
IGP has successfully completed three funding rounds, attracting investments from eight different investors, including notable names like 100Unicorns and Abhijeet Birewar. The company specializes in offering a wide range of curated gifts, cakes, flowers, and personalized products for various occasions and festivals.
Keep reading to explore the intricacies of IGP's fundraising journey and the investors backing this innovative platform.
What Is IGP?
IGP, also known as Indian Gifts Portal, is a prominent player in the online gift delivery and e-commerce industry. Founded in 2000, the company is headquartered in Mumbai, Maharashtra, India. It offers a diverse range of curated gifts, cakes, flowers, and personalized products for various occasions and festivals.
With a significant employee base ranging from 1001 to 5000, IGP has established itself as India’s largest online gifting store. The company provides same-day delivery to over 400 cities in India and serves more than 500 million customers across 100+ countries, making it a one-stop shop for all gifting needs.
How Much Funding Has IGP Raised?
- Seed Round
- Amount Raised: USD 3,000,000
- Date: December 2017
- Lead Investors: Venture Catalysts
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance branding and infrastructure.
- Angel Round
- Amount Raised: USD 2,000,000
- Date: October 2016
- Lead Investors: Naveen Arya, Tarun Joshi
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and market entry.
- Seed Round
- Amount Raised: USD 3,000,000
- Date: December 2020
- Lead Investors: 100Unicorns
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and market reach.
Total Amount Raised: USD 8,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- 100Unicorns
- Details: 100Unicorns is a venture capital firm that focuses on early-stage investments. They have a reputation for backing innovative startups with high growth potential.
- 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 are known for their extensive network of investors and industry experts.
- Investment Focus Areas: Healthcare, Fintech, Consumer Services
- Notable Investments: Not publicly disclosed
- Naveen Arya
- Details: Naveen Arya is an angel investor with a focus on early-stage startups. He has a background in technology and business development.
- Investment Focus Areas: Technology, E-commerce, SaaS
- Notable Investments: Not publicly disclosed
- Tarun Joshi
- Details: Tarun Joshi is an experienced entrepreneur and angel investor. He has a strong track record of investing in high-growth startups.
- Investment Focus Areas: Retail, Technology, Consumer Goods
- Notable Investments: Not publicly disclosed
What's Next for IGP?
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