Gifting platform Zuvees has raised Rs 15 crore from IvyCap Ventures as part of its ongoing Series A funding round, taking its total funding to date to Rs 30 crore. The company said it is targeting a total Series A raise of Rs 60 crore to Rs 80 crore to support its next phase of growth, strengthen its technology platform and expand into major global metropolitan markets. The latest investment from IvyCap Ventures, an existing investor in Zuvees, reflects continued backing for the company’s technology-led approach to gifting.
Zuvees said the fresh capital will be used to expand its operational footprint, scale its AI-powered personalisation and recommendation engine, strengthen its supply-chain infrastructure and improve its customer intelligence and customer relationship management capabilities. Vijaykumar Ghadge, co-founder and CEO of Zuvees, said the company was focused on reducing the gap between what customers expect and what recipients receive.
Vijaykumar Ghadge, Co-Founder and CEO of Zuvees, said, “When someone sends a gift, they are not purchasing flowers, chocolates, or a hamper. They are purchasing an emotion. The biggest challenge in gifting today is expectation mismatch. What the sender imagines, what the platform promises, and what the recipient ultimately receives are often three very different things. This trust gap has existed for decades and becomes even more significant in cross-border gifting, where customers are relying entirely on the platform to represent their emotions.”
“At Zuvees, we have built the company around eliminating that gap. Every innovation we introduce, from Video Approval before dispatch to our quality assurance systems and customer-first guarantees, is designed to ensure that what customers expect is exactly what gets delivered,” Ghadge said.
Zuvees launched commercial operations in the United Arab Emirates in early 2025 and said it has reached an annualised revenue run rate of more than $3 million. The platform currently serves customers in more than 50 countries, with a significant share of orders coming from international customers sending gifts across borders. Ghadge said the UAE had served as an important testing ground for the company because of its diverse consumer base and high cross-border gifting activity.
“What attracted us to Zuvees is its ability to address a global consumer need through a technology-led platform. As gifting becomes increasingly cross-border, the company is uniquely positioned to deliver trusted, personalized experiences at scale. We have been impressed by the team's execution and are excited to support their journey in building a category-defining global gifting brand,” Gupta said.
About Zuvees
Zuvees has been Founded by Vijaykumar Ghadge and Abhishek Daiya. Zuvees operates a gifting platform that combines curated products, AI and fulfilment capabilities to offer personalised gifting experiences.