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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.
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