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Badhai.in raised $200K through Private investors

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Announcement Corporate

Badhai.in (http://www.badhai.in), India’s premier online gift voucher company, has raised   $200000 from private investors.  “The gifting vertical is gathering steam and investors are interested in Badhai.in business model with impressive team behind it”, Ajay Pandey, CEO of Badhai.in said. 

Badhai.in is experiencing a good traction since launch and we are experiencing continuous growth in terms of traffic and transactions. Currently, we are doing around 5-6 transactions per day and around 20-25 registrations without any marketing spend.  With the investment coming in, we will give steam to our Marketing and PR efforts, which will strengthen the brand.  Also part of the fund will be utilized in operational efficiency and user experience, added Ajay.

 

About Badhai.in
Badhai.in, India’s first social gifting service provides convenient solutions for managing incentives, rewards and gifts. Badhai.in issues own online vouchers and   has tied-up with more than 500+ leading stores across categories like electronics, white goods, apparels, jewellery, beauty, lifestyle products, travel, books, etc. for an enjoyable  shopping experience.  Badhai.in vouchers are delivered electronically to the intended recipient over their phone and email. Recipients have the choice to redeem in multiple stages at their favourite stores / online sites.

Badhai.in (www.badhai.in) is managed and owned by eInsignia, founded by individuals with strong academic credentials (IIT and IIM) and successful entrepreneurial experience.

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First Published: Jul 04 2012 | 7:13 PM IST

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