Gifting platform Zuvees has raised Rs 15 crore (approximately $1.6 million) from IvyCap Ventures as part of its ongoing Series A round. With this investment, the company’s total funding to date has reached Rs 30 crore (around $3.3 million). According to the company, the fresh capital will be used to expand its operational footprint, enhance its AI-powered personalization and recommendation engine, strengthen its supply chain infrastructure, and deepen its customer intelligence and CRM capabilities. Founded by Vijaykumar Ghadge and Abhishek Daiya, Zuvees operates a premium gifting platform that combines curated products, artificial intelligence, and fulfillment capabilities to offer personalized gifting experiences. The company aims to address common challenges in the gifting segment, particularly around product quality, delivery reliability, and cross-border gifting. To tackle these issues, it offers features such as AI-driven recommendations, video approval before dispatch, and a customer satisfaction commitment policy. Zuvees launched its commercial operations in the UAE in early 2025 and claims to have achieved an annualized revenue run rate of over $3 million. The platform currently serves customers in more than 50 countries, with a significant share of orders originating from international customers sending gifts across borders. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
