Gifting platform Zuvees raises Rs 15 Cr in ongoing Series A round led by IvyCap Ventures

Gifting platform Zuvees has raised Rs 15 crore (approximately $1.6 million) from IvyCap Ventures as part of its ongoing Series A round. With this investment, the company’s total funding to date has reached Rs 30 crore (around $3.3 million).

According to the company, the fresh capital will be used to expand its operational footprint, enhance its AI-powered personalization and recommendation engine, strengthen its supply chain infrastructure, and deepen its customer intelligence and CRM capabilities.

Founded by Vijaykumar Ghadge and Abhishek Daiya, Zuvees operates a premium gifting platform that combines curated products, artificial intelligence, and fulfillment capabilities to offer personalized gifting experiences.

The organization wants to solve common issues in the gifting industry, especially those related to cross-border gifting, product quality, and delivery dependability. It provides features like AI-driven recommendations, video clearance prior to dispatch, and a customer satisfaction commitment policy to address these problems.

Zuvees launched its commercial operations in the UAE in early 2025 and claims to have achieved an annualized revenue run rate of over $3 million. Currently, the platform serves users in more than 50 countries, and a sizable portion of purchases come from foreign users delivering presents across international borders.