Corporate Gifting Service Capricorn Receives Seed Funding from Seeders
Seeders Venture Capital has invested in Hyderabad based Capricorn Gifting Solutions Pvt Ltd. Founded in April 2011 by Rajiv Lulla, the company is a corporate gifts and promotional products company with clients in IT, Pharma and other industries.
Capricorn Gifting draws on the almost 9 years experience of its founder Rajiv in ideating and building a corporate gifting and promotional products business. A brick-and-mortar company, Capricorn Gifting aims to use technology and Internet as key enablers to grow exponentially by increasing its reach and customer experience.
The corporate gifting space has seen a lot of traction over the last few years (eYantra has raised $7.8mn), though the competition from local vendors and strong tie-ups with HR/admin has been a huge challenge for the industry.
Other investment by Seeders are: