7 months ago
Xoxoday Raises Series-C for Global Expansion
Xoxoday is a company that helps businesses reward their customers, employees, and partners.
They just got a big investment from their existing investors to grow even bigger.
With this money, they plan to expand their services worldwide, hire more people, and maybe even go public in a few years.
They already work with over 5,000 companies and have more than 60 million users.
They process a lot of transactions every day and have helped move around 1 billion dollars in rewards.
Their goal is to become a big player in the rewards and loyalty industry.
Xoxoday raised a Series C funding round backed by existing investors Apis Partners and 57 Stars.
The company plans to use the funds to accelerate global expansion and prepare for a potential IPO in late 2027 or early 2028.
Xoxoday serves over 5,000 enterprises and engages 60 million users globally.
The company processes nearly 250,000 transactions daily and has enabled a cumulative GMV of approximately USD 1 billion.
Xoxoday is actively adding distribution partners, resellers, and technology integration partners to support its growth strategy.
- Who
- Xoxoday, a global rewards, incentives, and loyalty technology company
- What
- Raised a Series C funding round to accelerate global expansion
- Where
- Headquartered in Bengaluru, India, with offices in Singapore and San Francisco, USA
- When
- January 14, 2024
- Why
- To scale multi-fold over the next 2-3 years and prepare for a potential IPO
Key facts
- Company
- Xoxoday
- Funding Round
- Series C
- Investors
- Apis Partners, 57 Stars
- Global Users
- 60 million
- Enterprises Served
- 5,000+
- Daily Transactions
- 250,000
- Cumulative GMV
- USD 1 billion
- IPO Target
- Late 2027 or early 2028
Quotes
Sumit Khandelwal
CEO of Xoxoday
“This Series C round reinforces our investors’ confidence in Xoxoday’s long-term vision. With a profitable foundation, strong enterprise adoption, and an integrated rewards, incentives, and loyalty platform, we are well-positioned to scale globally and build an institution in this sector.”
theprint.in
Nicholas Smalle
Partner at Apis Partners
“Xoxoday’s consistent execution, capital efficiency, and focus on enterprise-grade solutions position it well for long-term value creation. The Series C investment supports the company’s ambition to build a global leader in rewards, incentives, and loyalty.”
theprint.in
