Dubai-headquartered gifting platform Zuvees has raised a total of Rs 30 crore (approximately USD 3.3 million) in funding, including a fresh investment of Rs 15 crore (around USD 1.6 million) from IvyCap Ventures as part of its ongoing Series A round.
The company is currently targeting a total Series A raise of Rs 60–80 crore to support its next phase of growth. The newly secured capital will be used to strengthen its technology infrastructure, expand into major global metropolitan markets, enhance its AI-powered personalization capabilities, improve supply chain operations, and deepen customer engagement through advanced CRM and data intelligence systems.
Founded by Vijaykumar Ghadge and Abhishek Daiya, Zuvees operates as a premium gifting platform focused on helping customers celebrate relationships across borders. The company combines artificial intelligence, curated gifting experiences, and rapid fulfillment capabilities to create what it describes as the “Gifting 3.0” category.
The latest investment marks a follow-on commitment from IvyCap Ventures, an existing investor in the company, reflecting continued confidence in Zuvees’ growth strategy and technology-driven approach.
The company aims to solve long-standing challenges in the gifting industry, particularly around trust and delivery expectations. According to Zuvees, customers often experience a mismatch between what they expect, what is displayed online, and what ultimately gets delivered—an issue that becomes even more significant in cross-border gifting.
To address this, the platform has introduced customer-focused features such as Video Approval before dispatch and a 100% Customer Satisfaction Commitment policy. These initiatives are designed to improve transparency and ensure customers receive exactly what they expect.
Commercially launched in the UAE in early 2025, Zuvees has quickly gained traction and currently serves customers across more than 50 countries. The company has already achieved an annualized revenue run-rate exceeding USD 3 million while maintaining strong unit economics.
Commenting on the funding, Vijaykumar Ghadge, Co-Founder and CEO of Zuvees, said that gifting is fundamentally about emotions rather than products. He noted that the company is focused on eliminating the trust gap that often exists between the sender’s expectations and the recipient’s actual experience.
He also highlighted a broader shift in consumer behaviour, with gifting increasingly moving from a planned activity to an on-demand experience, where customers want to celebrate important moments instantly rather than days later.
Abhishek Daiya, Co-Founder and CPO/CFO of Zuvees, said the future of gifting will be driven by intelligence rather than product catalogues. He explained that the company is developing a proprietary AI layer capable of understanding gifting intent, recipient preferences, cultural contexts, and occasion-specific signals to deliver highly personalized recommendations.
According to Daiya, the latest funding will help accelerate the development of this technology while also improving operational efficiency and expanding the company’s data infrastructure.
Vikram Gupta, Founder and Managing Partner at IvyCap Ventures, said the firm was attracted to Zuvees because of its ability to address a global consumer need through a technology-led platform. He added that as gifting becomes increasingly international, the company is well-positioned to deliver trusted and personalized experiences at scale.
Headquartered in Dubai, Zuvees serves a globally connected customer base and is building a technology-driven gifting platform designed for international markets. The company’s offerings include curated gifts, flowers, personalized experiences, AI-powered recommendations, customer engagement tools, and rapid fulfillment capabilities aimed at making gifting more reliable and meaningful.
With customers spanning more than 50 countries and continued support from investors such as IvyCap Ventures, Zuvees is now focused on scaling its operations and establishing itself as one of the leading cross-border gifting platforms globally.
-By Shivani Solanki
