Giftxoxo Acquires Mumbai-Based Actizone
BENGALURU: Bangalore-based Giftxoxo a gifting company, has acquired Mumbai-based, Actizone, an online marketplace for extracurricular activities classes for kids for an undisclosed amount.
"Actizone will help us cater to the large kids activities market in India. It'll add to our existing portfolio of activities in different categories," said Manoj Agarwal, cofounder of Giftxoxo, owned by Nreach Online Services Pvt. Ltd.
Giftxoxo, a four-year-old startup, has an app called Frogo that helps customers discover and book activities, experiences and professionals around their city or a travel destination. This move is expected to help Frogo to cater to the kids activities market in India.
As per the deal, Actizone co-founder, Rajat Varma, will join Nreach and will lead the sales and bu...