UAE's Zuvees Raises $1.6 Million to Expand Global Gifting Platform
The UAE-founded gifting startup is targeting a Series A round of up to $8.8 million.
Zuvees, a UAE-founded e-commerce startup specialising in direct-to-consumer gifting, has raised $1.6 million from IvyCap Ventures as part of its ongoing Series A funding round.
The latest investment brings the company's total funding to approximately $3.3 million, with Zuvees targeting a final Series A close of between $6.6 million and $8.8 million.
Founded in 2024 by Vijaykumar Ghadge and Abhishek Daiya, the company operates a global gifting platform built around curated product selections, artificial intelligence and rapid fulfilment.
According to Zuvees, the new capital will be used to strengthen its AI-powered personalisation and recommendation systems, enhance customer relationship management capabilities and expand its supply chain infrastructure.
The company also plans to broaden its operational footprint and enter major metropolitan markets internationally.
The investment represents a follow-on commitment from IvyCap Ventures, which was already an existing shareholder in the startup.
The online gifting sector has increasingly focused on personalisation, speed and cross-border demand, with artificial intelligence emerging as a key tool for improving customer engagement and streamlining operations.
