Facebook’s Kirthiga Reddy Invests in Wedding Gift Registry Startup
Make a Wish for the Gifts You Want
Another Indian startup turned lucky as it successfully completed its initial round of investment. Wedding Wishlist received a total sum of $297K (INR 2 crore) from a funding round led by none other than Facebook India MD,Kirthiga Reddy.
Wedding Wishlist is a gift registry service where the bride and groom can make a wishlist of what gifts they would like, and they can also select a price range for those gifts. This ensures that the guests don’t end up bringing useless gifts.
Plans
Wedding Wishlist, founded by Kanika Subbiah, is a four months old startup, which now aims to grow its reach and operations. According to Kanika, the funds will be utilized to reach a target of 500 wishlists by year end. The company also aims at a pan-India expansion. An app is also in the pipelines and will be launched soon. Apart from this, Wedding Wishlist is also preparing for the second round of investment scheduled for later this year.
Operations As Of Now
The startup works on the marketplace model; has many collaborators and takes commission from its retail partners. It has a listing of gifts in each category where different companies showcase their products for buying,e.g. crockery, electronic appliances, adventure trips, art and craft. As of now, it has presence in Pune, Chandigarh, Ahmedabad, Mumbai, New Delhi, Kolkata, Bengaluru, Chennai, Hyderabad, Ludhiana, and Amritsar.
Subbiah believes that since no one in India has tapped the wedding gift market yet, there is a lot of potential to be explored in this sector.
What would be an ideal wedding gift according to you? Share your thoughts in the comment section below and we might as well convey your message to Wedding Wishlist.
Takeaways:-
- Wedding Wishlist received a total sum of $297K (INR 2 crore) from a funding round led by none other than Facebook India MD,Kirthiga Reddy.
- According to Kanika, the funds will be utilized to reach a target of 500 wishlists by year end.
- The startup works on the marketplace model and has a listing of gifts in each category where different companies showcase their products for buying.
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