Join Ventures
| Company type | Private |
|---|---|
| Industry | E-commerce |
| Founded | 2019 |
| Founder | Tarun Joshi |
| Headquarters | , |
Area served | Worldwide |
Key people | Tarun Joshi (CEO) |
| Brands | IGP, Interflora, IGP for Business, Masqa |
Number of employees | 500+ (2022) |
| Website | Official website |
Join Ventures is an Indian e-commerce company headquartered in Mumbai, India. It owns and operates ecommerce brands like IGP, Interflora, Masqa and IGP for Business. It provides services in fresh, food, home, and fashion categories in the online retail market segment. As of 2022, the company operates in 100 countries.[1]
History
The company was founded by Tarun Joshi in 2019 and is focused on handmade and customized proprietary products. Joshi founded Join Ventures after assessing the potential of celebratory space in India. He started with two brands IGP, a D2C platform for gifting and Interflora India, a D2C brand for flowers. The company also runs IGP for Business, a B2B2C partner for reward management and corporate gifting.[2][3]
It launched the live order tracking feature for its portfolio brands IGP and Interflora India in August 2021.[4] In 2021, the company forayed into the food business by launching a D2C brand, Masqa, with an investment of US$7 million.[5]
In February 2022, it raised US$10 million in series A round funding from DSG Consumer Partners, Rajiv Dadlani Group, 9Unicorns and Venture Catalysts. The raised funds will be utilized to expand the dark store network, tech advancement at the product level and logistics improvement.[1] Presently, it has 20 dark stores supported by 3 mother warehouses and the company has expanded its warehousing facility in Jaipur, Rajasthan by 50K square feet.[6][7] The company was awarded as 'D2C Brand of the Year 2022' for its brand, IGP, by Franchise India and IndianRetailer.com in the gifting category.[8]
References
- ^ a b "D2C firm Join Ventures raises $10 million from DSG and others". The Economic Times. February 15, 2022.
- ^ Rebello, Maleeva (July 9, 2021). "Join Ventures & IGP founder walks 15K steps a day to stay fit, relies on 10-min power naps to clear his mind". The Economic Times.
- ^ "Top 6 Indian Entrepreneurs With Unconventional Backgrounds". APN News. December 15, 2021.
- ^ "Real-time gift tracking feature launched in India by Join Ventures". Medianews4u.com. August 6, 2021.
- ^ Khosla, Varuni (November 22, 2021). "Join Ventures launches D2C food brand Masqa, to invest $7 mn in next 18 months". Livemint.
- ^ "Join Ventures expands warehousing facility in Jaipur". Construction Week Online. ITP Media Group. December 20, 2021.
- ^ Vijay, Aultrin (December 3, 2021). "Join Ventures to launch 100 dark stores". Printweek.com. Haymarket Media.
- ^ "Join Venture's brand IGP recognised as 'Best D2C Brand 2022 (Gifting)'". Devdiscourse.com. May 30, 2022.