09 September 216, India :
iPanache Pvt. Ltd, which runs social gifting platform CheersOye! has raised angel funding from a group of affluent individuals, co-founder Rahul Shrivastava told VCCircle.
CheersOye! is a social payments and gifting platform that allows users to pay via its app for personalised experiences and send such gifts to a friend’s mobile instantly via e-vouchers on SMS or e-mail, said Shrivastava. The company was founded in 2015 by Bhavna Lalchandani and Shrivastava.
Shrivastava said that the Mumbai-based company raised a little less than $500,000 and that it plans to use the funding to introduce other entertainment categories, hire staff and expand to other cities. He declined to disclose the names of the investors.
CheersOye! currently allows users to gift dining, spa and salon experiences. It plans to add other categories such as jewellery and designer wear as well as fitness, travel and entertainment in the next few months. Source- vccircle