Zuvees, a prominent gifting platform, has successfully secured Rs 15 crore (approximately $1.6 million) from IvyCap Ventures as part of its ongoing Series A funding round. This recent investment elevates the company’s cumulative funding to Rs 30 crore (around $3.3 million). The firm indicates that the newly acquired capital will be allocated towards expanding its operational presence, improving its AI-driven personalization and recommendation systems, fortifying its supply chain, and enhancing its customer intelligence as well as CRM capabilities.
Founded by Vijaykumar Ghadge and Abhishek Daiya, Zuvees operates as a premium gifting platform that seamlessly integrates curated products, advanced artificial intelligence, and efficient fulfillment services to deliver tailored gifting experiences. The enterprise aims to resolve prevalent challenges within the gifting industry, particularly those surrounding product quality, delivery dependability, and cross-border gifting concerns. To address these challenges, Zuvees incorporates features like AI-enhanced recommendations, video approval processes prior to dispatch, and a commitment to customer satisfaction.
Zuvees commenced its commercial activities in the UAE in early 2025 and reports an annualized revenue run rate exceeding $3 million. The platform currently caters to customers across more than 50 countries, with a substantial portion of orders coming from international clients sending gifts across borders.