Chennai based wedding gift registry portal WeddingWishlist has raised $297k in a seed round of funding from Kirthiga Reddy MD at Facebook India, Multiples Equity founder Renuka Ramanath and CherryTin among others.
The raised funds will be used to reach the milestone of 500 wishlists in a year. It plans to expand their business over India and will launch its app in next few month.
It was founded in It was founded by Kanika Subbiah four months ago. It allows couples to create their wishlist of items which they want to receive from their family, friends and colleagues. Items are available according to the price list, so that guest can choose the gift from the wishlist.
Kanika Subbiah co-founder of WeddingWishlist said
“This way, the couple receives gifts that are relevant to their married life. And guests can be certain that their gift is meaningful and cherished by the couple. Overall, it reduces waste, discourages recycling of gifts, and ensures that the considerable money spent on gifts is spent well.”
Currently with a team of 20 members it is operational in Chandigarh, Mumbai, Pune, Ahmedabad, Kolkata, New Delhi, Hyderabad, Amritsar, Chennai, Bengaluru and Ludhiana. It’s also working in collaboration with charitable institutions where the couple who don’t want to accept gift can donate for a charitable cause.
It also allows guests to buy gifts from their marketplace with a certain commission based system with its partners. It also plans to add new partners with categories including Product and experiences including honeymoons and travel getaways for the couple by travel experts.
ForMyShaadi.com another portal, a gift store and an e-registry website. It allows users to browse through range of gifts for couples. It has signed up with more than 60 brands and claims to get 3k hits every month on its website.