Business EconomyPosted at: Sep 20 2018 11:50PM

New Delhi, Sep 20 (UNI) GrabOn, a coupons and deals startup based out of Hyderabad, has recently moved into the Gift Cards space citing a massive 3X year on year growth of the gift card industry as a lucrative opportunity.
This new venture is expected to bolster the profit margins of GrabOn by 20 per cent , pushing them and the coupons and deals space towards a brighter future.
With an aim to win over 40 per cent of the Gift Cards space by 2020, GrabOn hopes to establish itself as an irreplaceable shopping companion for every Indian shopper in the next 5 years.
The coupons company hopes to capitalize on the upcoming festival period, which has recorded significant spikes in Gift Card sales.
When asked about the operations, Mr. Ashok Reddy, Founder and CEO, GrabOn said, “Innovation has always been the focus of our organisation since day 1. We as an organization have made a conscious effort of providing the online shopper the best couponing experience he/she has ever had. Customer feedback and insight combined with cutting edge technology has helped us retain the number 1 spot in the industry. We want to implement the key learnings and user-behaviour patterns that we have gained through experience operating in the coupons and deals space and bring them over to the Gift Cards market.”
UNI AR SY 2350

Please log in to get detailed story.