IGP - Company Research Report
Company Overview
Name, Mission of the Company
Name: IGP.com (formerly known as IndianGiftsPortal.com)
Mission: To create an enhanced gifting ecosystem and provide a one-stop solution to make gifting an informed, hassle-free, & delightful experience.
Founding Information
Founded: No information is available
Founders: No information is available
Key People in the Company
Notable Executives:
- Tarun Joshi: Founder & CEO
Headquarters
Location:
- Unit No. 2, A Wing, 2nd Floor, Times Square Building, Andheri Kurla Road, Marol, Andheri East, Mumbai- 400059, Maharashtra
Number of Employees
Total Employees:
- Over 300 employees across multiple locations including Mumbai, Delhi, Bangalore, Hyderabad, Kolkata, Lucknow, Jaipur, Pune, Singapore, and California.
Revenue
Annual Revenue:
- FY 2020 revenues of over USD 30 million.
Known For
Specialization:
- IGP is known for being India's largest multi-category gifting company, providing a curated collection of festival merchandise, gifts, fresh flowers, cakes, plants, gourmet foods, & personalized products for all occasions & festivals.
Products
Product Categories
IGP offers a wide range of products, including:
1. Flowers:
- Fresh flowers arrangements and bouquets.
2. Cakes:
- A variety of cakes including chocolate, black forest, strawberry, vanilla, butterscotch, designer cakes, and photo cakes.
3. Personalized Gifts:
- Caricatures, mugs, cushions, keychains, photo frames, and customized gift hampers.
4. Plants:
- Indoor plants, air-purifying plants, succulents, and personalized planters.
5. Home & Living:
- Home décor items like paintings, posters, and furnishings.
6. Fashion & Lifestyle:
- Jewelry, handbags, fashion accessories.
7. Gourmet:
- Food hampers, chocolates, sweets, and dry fruits.
8. Corporate Gifts:
- Custom corporate gifting solutions.
Key Products and Features
1. Flowers:
- Same-day delivery service.
- Variety of arrangements featuring roses, lilies, carnations, and more.
2. Cakes:
- Available in various flavors and designs.
- Special options for celebrations like birthdays, anniversaries, and more.
3. Personalized Gifts:
- Customizable items to give a personal touch.
- Includes a variety of items like mugs, pillows, key chains, and more.
4. Plants:
- Range of indoor and outdoor plants, many of which have health benefits such as air purification.
5. Home & Living:
- Products designed to enhance home aesthetics.
- Includes unique and decorative items.
6. Fashion & Lifestyle:
- Elegant jewelry and stylish accessories.
- Designed to suit various occasions and preferences.
Recent Developments
Recent Developments in the Company
- IGP's Campaigns and Partnerships:
- Launched several ad campaigns under "Amazing Gifts, Samay Par" featuring humorous, historical narratives to highlight gifting importance.
- Collaborated with Bollywood actresses like Kajol and Pooja Hegde for Mother's Day and Raksha Bandhan campaigns, respectively.
- Notable partnerships with Marvel Studios for merchandise collections inspired by popular movies like "Guardians of the Galaxy Vol. 3".
New Product Launches
- New Collections:
- Launched unique collections for various festivals like Raksha Bandhan, including exclusive designer Rakhis.
- Introduced a 30-minute instant delivery service for urgent gifting needs.
- Enhanced their personalized gifting segment with innovative products.
New Features Added to Existing Products
- Expansion of Product Range:
- New product additions in categories such as gourmet foods, plants, and personalized gifts.
- Expanded variety of indoor plants and unique flower arrangements.
- Advanced Logistics and Delivery:
- Enhanced logistics for same-day and midnight delivery services.
- Introduction of 30-minute instant delivery to ensure timely gifting.
New Partnerships
- Interflora Partnership:
- IGP partnered with Interflora, the world’s largest floral gifting company, to expand its floral offering.
- Strategic Expansion:
- Opened its first-ever retail store in Bandra, Mumbai, to offer an experiential retail experience.
- Global Expansion:
- Forayed into the Dubai market, expecting revenue growth with strategic partnerships and operational enhancements.
This report consolidates the available data on IGP and presents it in a structured format aimed at providing a comprehensive overview of the company’s operations, products, and recent developments.