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GiftCardsIndia raises funds

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Mumbai-based GCI Network, which owns the online gifting platform GiftCardsIndia, has raised an undisclosed amount in a round of funding from Blume Ventures and Google India head Rajan Anandan. It will use the money to expand the team, develop new products and widen reach, the company stated. The portal claims to have sold over 250,000 pre-paid cards since launch, through its 20,000 outlets, grossing over $5 million in sales. The firm targets $16 million in revenue over the next two years. Zoomo ropes in Saif Partners SAIF Partners has invested $1 million in seed round funding in ...