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Updated: Funding Digest: Giftxoxo.com, Zoomcar.in, Vaultize, Zumbl.com

(By Apurva Chaudhary & Vikas SN) Online gifting platform Giftxoxo.com has raised an undisclosed amount in angel funding from Mumbai-based Kshatriya Ventures, reports NextBigWhat. Naveen Gautam Kshatriya from Kshatriya ventures will join the board of the company post funding. The funds raised will be used to expand its operation in Mumbai and Delhi, and to hire talent. Giftxoxo.com was founded in 2012 and claims to have 150 clients across India including Flipkart, Jabong, Yebhi, MakeMyTrip and Dominos, among others. It provides personal as well as corporate gift products in categories such as occasions, flowers, cakes, chocolates and gift vouchers, among others. Other players in this space include Giftbig.com, Giftology.com, Badhai.in, and Giftcart.com among others. Flipkart recently started accepting International credit cards allowing international users to send gifts to friends and family in India. In April 2013, Facebook had rolled out Facebook Gifts in India, thus allowing Facebook users in India to send offline gifts to people in the US. However, it doesn’t allow users to send gifts to users in India. *** Bangalore-based Car sharing service Zoomcar.in has raised $200,000 from angel investor Raj Kumar Elango, reports TechCircle. The company plans to use the funds raised for down payment of new cars and for tech development. Prior to this, Zoomcar.in had raised $30,000 angel funding from former US treasury secretary Larry Summers last month and had raised $215,000 from Empire Angels (New York, US), Lady Barbara Judge and several other angel investors in May 2013. Zoomcar.in is a membership-based car sharing service, which allows users to book cars on a hourly or a daily basis and drive them anywhere…

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