Xoxoday Funding, Investors & Competitors

Xoxoday has raised $150M across 5 funding rounds, most recently a Series C in January 2026.

Last Xoxoday funding round

Series C

Amount undisclosed · Jan 2026

Cumulative funding Xoxoday raised

$150M

across 5 funding rounds

Key investors in Xoxoday

Xoxoday Overview

About Xoxoday

Xoxoday is a rewards and engagement platform serving over 5,000 businesses worldwide, from startups to Fortune 500 firms like Freshworks, Grammarly, and H&M. Its suite encompasses Plum for rewards and incentives with a global marketplace, Empuls for employee recognition, Loyalife for customer loyalty programs, Compass for sales commissions, and Loopr for merchant offers. The system handles 10 million reward options across 175 countries in 30 categories, supports 50 languages and 55 currencies, and connects with tools including Slack, Teams, HubSpot, Workday, and SAP. Rewards span digital gift cards, merchandise, travel, experiences, and donations. Xoxoday maintains 12 global offices including locations in the US.


Founded

2012

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Xoxoday Funding History

Xoxoday has raised a total of $150M across 5 funding rounds.

Xoxoday's first fundraising round was a $500K seed round in October 2016. The most recent completed round was a Series C in January 2026.

Xoxoday funding rounds

Xoxoday funding rounds
DateStageInvestorsRaisedDeal Summary
Jan 2026Series C57 Stars (lead); Apis Partners (lead)-Xoxoday is a Bengaluru-based global B2B SaaS company providing a platform for rewards, incentives, and loyalty management to engage employees, channel partners, and customers. It operates nine offices across North America, India, APAC, and EMEA, supporting a rewards catalog in over 100 countries. The company serves 5,000+ enterprises and engages over 60 million users globally, processing nearly 250,000 transactions daily with a cumulative GMV of approximately USD 1 billion. On January 14, 2026, Xoxoday raised an undisclosed Series C round backed by existing investors Apis Partners and 57 Stars. The funding will scale global operations, expand partnerships, pursue selective acquisitions, and support long-term growth ahead of a potential IPO in late 2027 or early 2028. CEO Sumit Khandelwal highlighted the company's profitable foundation, strong enterprise adoption, and integrated platform positioning it for global leadership. Apis Partners, a London-based private equity firm focused on financial services and technology in growth markets, and 57 Stars, a Washington D.C.-based asset manager targeting high-growth investments in emerging markets like India, led the round. This follows prior investments and supports Xoxoday's expansion in rewards and loyalty technology.
Mar 2025Undisclosed stageApis Partners (lead)$70MXoxoday, formerly known as Giift, is a global SaaS platform specializing in rewards, incentives, and loyalty technology. The company provides AI-powered solutions for employee recognition, sales incentives, and customer loyalty programs, serving over 5,000 enterprises including Fortune 500 companies such as Western Digital, Infosys, Nestlé, Mercedes-Benz, and Adobe. In March 2025, Xoxoday closed a $70 million investment from Apis Partners (Apis Growth Fund II), a UK-based private equity firm focused on growth-stage financial services and infrastructure businesses. This investment followed Giift's global rebrand to Xoxoday and marked a significant milestone in the company's expansion strategy. The funding was announced on March 4, 2025, though sources indicate the transaction date was March 1, 2025. At the time of the funding round, Xoxoday reported serving 5,000+ enterprises globally and engaging over 60 million active users across nine offices spanning North America, India, APAC, and EMEA regions. The platform processes approximately 250,000 transactions daily and has facilitated a cumulative transaction volume of around $1 billion. The company operates a 300+ member engineering team based primarily in Bangalore, with regional hubs in San Francisco, Colombo, Doha, Dubai, Dublin, Jakarta, Manila, Singapore, Port Louis, and Riyadh. The company was described as having a profitable foundation and strong enterprise adoption, supporting a comprehensive rewards catalog spanning 100+ countries.
Feb 2022Undisclosed stageApis Partners$30MXoxoday, a Bengaluru-based fintech SaaS startup, provides technology infrastructure for automating rewards, incentives, and payouts across business value chains. It offers products like Plum, a horizontal platform for rewards programs, and Empuls, a vertical platform for employee engagement. The company serves over 2,000 clients across 10+ countries, engaging 2.5 million users with a 270-member team and offices in San Francisco, Dublin, Singapore, and Delhi. Xoxoday's largely bootstrapped trajectory underscores its execution focus. On February 23, 2022, Giift, backed by Apis Partners' Growth Fund II, acquired a significant strategic interest in Xoxoday through a $30 million (Rs 225 crore) investment comprising primary and secondary capital. Apis Partners highlighted Xoxoday's strong founding team, self-financed growth over a decade, and potential in the under-invested rewards and incentives space, especially amid hybrid work transitions and fintech convergence. The funding aims to drive international market expansion and technology infrastructure upgrades to serve billions of users.
Dec 2021Series CApis Partners (lead); Second Alpha Partners$50MXoxoday is a Bengaluru-based fintech and SaaS company providing technology infrastructure for automating rewards, incentives, payouts, and loyalty management to engage employees, channel partners, and customers across global markets. Xoxoday operates in rewards and loyalty software, supporting 5,000+ enterprises, 60M+ users, rewards in 100+ countries, with offices in North America, India, APAC, and EMEA. In February 2022, Giift (backed by Apis Partners) announced a $30 million investment including primary and secondary capital to acquire a significant strategic interest in Xoxoday, aimed at fueling international growth, upgrading technology infrastructure, and serving billions of users amid hybrid work trends. Apis Partners highlighted Xoxoday's strong founding team, self-financed growth over a decade, and opportunity in the under-invested rewards sector converging with fintech. Giift rebranded globally to Xoxoday post-$70M Apis investment, indicating ongoing consolidation in loyalty sector.
Oct 2016SeedMahindra Holidays (lead)$500K-

Who has invested in Xoxoday?

4 investors have backed Xoxoday across its funding rounds, including Apis Partners, 57 Stars, Second Alpha Partners and Mahindra Holidays.

Lead investors include 57 Stars, Apis Partners and Mahindra Holidays.


Xoxoday Investors

Investors in Xoxoday by funding rounds participated
InvestorHQRoundsRoleFirst check
Apis PartnersUnited KingdomLondon4LeadDec 2021
Second Alpha PartnersUnited StatesNew York City, NY1ParticipantDec 2021

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Xoxoday

Xoxoday has acquired 7 companies to date.

Last acquisition by Xoxoday was on May 27th 2026. Xoxoday acquired Amara for undisclosed valuation.


Latest Acquisitions by Xoxoday

Amara
inTouch
Loyolink Marketing
FamousEnuf
Description
Amara is a software development firm. It supplies a conversational bot that interacts with employees and conducts sentiment analysis.
inTouch is a Tel Aviv-based developer of mobile loyalty platforms for retailers and brands. The company offers backend engines, white-label apps, merchant aggregation services, and campaign management tools. inTouch enables personalized rewards, push notifications, and data analytics for customer retention. Its solutions integrate with point-of-sale systems and support contactless payments in markets across Europe and the Middle East.
Loyolink Marketing is a content provider for customer incentive programs, primarily serving banks in the Middle East. Based in Dubai, it curates offers for restaurants, spas, hotels, and entertainment to enhance rewards portfolios. The company also supports telecom, oil and gas firms, and e-commerce with acquisition and buy-now-pay-later campaigns.
FamousEnuf is a technology platform enabling enterprises to leverage micro-influencers such as customers, employees, partners, and affiliates for scaled organic content creation. The activation engine drives high-engagement posts across social channels.
HQ CountryIndiaIndonesiaUnited Arab EmiratesIndia
HQ City
Haryana
Jakarta
Dubai
Bangalore
Deal Date27 May 202631 Jan 20233 May 20227 Jan 2019
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Xoxoday Competitors

Xoxoday competitors include listed companies like TON Strategy, SAP, Salesforce and Workday, and private ones like Deel and Rippling.

Public and private companies comparable to Xoxoday
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
TON StrategyUnited StatesUnited StatesPublicly listed$13M($148M)$187M12.3x
SAPGermanyGermanyPublicly listed$42B$13B$249B5.5x
SalesforceUnited StatesUnited StatesPublicly listed$42B$13B$196B5.1x
WorkdayUnited StatesUnited StatesPublicly listed$9.6B$1.2B$47B4.6x
DeelUnited StatesSan Francisco, CAPrivate$1.7B-$17B10.0x
RipplingUnited StatesSan Francisco, CAPrivate$570M-$17B29.5x

Xoxoday Public Comps

Xoxoday is still privately-owned, but its public comps include SAP, Salesforce, Workday, Paychex, HubSpot, Paycom, Paylocity, Zeta Global, Pegasystems and Klaviyo.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
SAP$42B$13B5.9x5.5x18.6x17.2x
Salesforce$42B$13B5.4x5.1x17.5x12.0x
Workday$9.6B$1.2B4.9x4.6x40.9x13.8x
Paychex$6.5B$3B6.9x6.8x15.1x14.5x
HubSpot$3.1B$140M3.1x2.7x68.9x11.3x
Paycom$2.1B$799M5.4x5.1x13.7x11.3x
Paylocity$1.8B$499M4.2x4.2x15.0x11.3x
Zeta Global$1.3B$39M5.7x4.5x190.1x20.2x

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Common questions about Xoxoday

When was Xoxoday founded?Xoxoday was founded in 2012.
Where is Xoxoday headquartered?Xoxoday is headquartered in San Francisco, CA, United States.
Is Xoxoday publicly listed?No, Xoxoday is a private, VC-backed company.
How much funding has Xoxoday raised?Xoxoday has raised $150M across 5 funding rounds.
What was Xoxoday's last funding round?Xoxoday's last funding round was a Series C in January 2026, led by 57 Stars and Apis Partners.
Who are Xoxoday's investors?Xoxoday's investors include Apis Partners, Second Alpha Partners, 57 Stars and Mahindra Holidays.
Which companies are comparable to Xoxoday?Companies comparable to Xoxoday include TON Strategy, SAP, Salesforce, Workday, Deel and Rippling.
How many companies has Xoxoday acquired?Xoxoday has acquired 7 companies, including Amara, inTouch, Loyolink Marketing, FamousEnuf and BookMyInterest.

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