Swageazy, an enterprise-focused gifting platform, has raised INR 7CR in its seed round led by Info Edge Ventures. The round also saw participation from Anicut Capital, Huddle Ventures, and other angel investors including Ankur Agarwal, Dhruv Toshniwal, The Pant Project, and Kartik Mandaville.
The fresh funds will be used by the start-up to acquire talent and bolster product development as well as technology, with a vision to further expand its customer portfolio.
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Founded by Sameer Wahie and Sneh Setu in March 2021, Swageazy, through its tech-first approach, has built a platform that enables businesses to curate a gift pack of their choice, with Swageazy handling everything else—from design assistance to last-mile delivery across Indian and international markets.
Commenting on the company’s vision and fundraising, Sameer Wahie, Founder and CEO of Swageazy, said, “The latest round of funding will enable us to accelerate our product development and improve our go-to-market (GTM) strategy to add significant value for our clients.”
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Speaking on their investment in Swageazy, Rishabh Katiyar, Principal at Info Edge Ventures, said, “In a short span of time, Swageazy has become a trusted partner to enterprises like Amazon, Linkedin, Coursera, Chargebee and Pidilite, among others.”
Info Edge has backed several startups including Lumiq, Adda247, Ustraa, Broker Network, and Tractor Junction in 2022 so far. In August, the company said that it infused Rs 300 crore in its subsidiary, Startup Investments Holding Ltd (SIHL). Marketmoney had exclusively reported about Lumiq, Adda247, Ustraa and Broker Network’s funding.
The VC firm also acquired a majority stake in Coding Ninjas for $17 million in October.