IGP (e-gifting retailer)


IGP is an online retailer of personalised, floral, gourmet and handmade gifting products. The Company is headquartered in Mumbai, India and has over 300 employees across its offices in India, Singapore and United States.

History

IGP was founded in 2016 by Tarun Joshi after making an acquisition of IndianGiftsPortal. IndianGiftsPortal was founded in 1999 by B2B e-commerce company IndiaMART and Manan Sharma.
In 2009, IndiaMART, prior to raising Series A funding, hived off IGP into a separate entity. In 2012, Tarun Joshi bought out IndiaMART group’s stake in IndianGiftsPortal and later merged the business with IGP.
In 2017, the company launched an online gift discovery platform that provides context based search allowing users to discover a particular gift, based on parameters such as recipient, relationship, occasion and personality. It is India's first gift discovery platform according to Business Standard.

Retail categories

Some of the product categories at IGP include Festival Merchandise, Flowers, Cakes, Plants, Gourmet foods, Personalized Products, Gift Cards, Jewellery, Toys & Games and Home & Living.

Partnership

In October 2017, Interflora, a global flower delivery network opened its first office in Mumbai in partnership with IGP. In July 2019, IGP formed a partnership with The Womb as a part of their business and brand growth journey.

Funding

In October 2016, IGP raised $2 million in a seed round of funding. The round was led by angel investors Naveen Arya, promoter, Karamchand Appliances and Tarun Joshi, Director, PE firm, 3i.
In December 2017, the company raised an undisclosed amount of Pre Series A funding led by Venture Catalysts.

Awards and recognition

2011:
2013: