PE Fund Investments
Rewards program co. Xoxoday raises $30-M from Apis Partners, Giift
PE investor Apis Partners - via Apis Growth Fund II - along with its portfolio company Giift, an international provider of loyalty management solutions, have acquired a significant strategic interest in Xoxoday, a Bengaluru-based fintech player in the rewards, incentives and payout space, for USD 30 million. The deal included both primary and secondary components. The collaboration will enable Giift and Xoxoday to enlarge their service offerings and collectively accelerate growth globally. Xoxoday provides technology infrastructure to enable businesses to automate rewards, incentives and payouts across the value chain. It will use the funds to fuel the next stage of growth in international markets and upgrade its technology infrastructure. It has a 270-member team with global offices in San Francisco, Dublin, Singapore and New Delhi.
From the Venture Intelligence Angel Investments Database: In May-13, Xoxoday raised funding from Kshatriya Ventures.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
