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Japan’s social gifting and e-voucher rewards platform Giftee files for IPO

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See the original story in Japanese. Tokyo-based Giftee, the Japanese startup behind the platform allowing users to send friends an e-voucher which they can then redeem at selected retailers, announced on Friday that its IPO application to the Tokyo Stock Exchange (TSE) has been approved. The company will be listed on the TSE Mothers Market on 20 September with plans to offer 800,000 shares for public subscription and to sell 658,000 shares in over-allotment options, for a total of 3.59 million shares. Nomura Securities will lead the underwriting. Its share price range will be released on 30 August with bookbuilding scheduled to start on 3 September and pricing on 9 September. According to the consolidated statement as of December 2018, they posted revenue of 1.12 billion yen (about $10.5 million) with an ordinary profit of 283 million yen ($2.7 million). Given that the tentative share price will be set at 1,250 yen and the company has issued a total of 24.03 million shares to date, their market cap is expected to be around 31 billion yen ($290 million). Founded in October of 2008, Giftee started the social gifting platform under the same name back in March of 2011. Subsequently the…

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In addition to its home turf of Japan, Giftee’s eGift system is now available in Malaysia.
Image credit: Giftee

See the original story in Japanese.

Tokyo-based Giftee, the Japanese startup behind the platform allowing users to send friends an e-voucher which they can then redeem at selected retailers, announced on Friday that its IPO application to the Tokyo Stock Exchange (TSE) has been approved. The company will be listed on the TSE Mothers Market on 20 September with plans to offer 800,000 shares for public subscription and to sell 658,000 shares in over-allotment options, for a total of 3.59 million shares. Nomura Securities will lead the underwriting.

Its share price range will be released on 30 August with bookbuilding scheduled to start on 3 September and pricing on 9 September. According to the consolidated statement as of December 2018, they posted revenue of 1.12 billion yen (about $10.5 million) with an ordinary profit of 283 million yen ($2.7 million). Given that the tentative share price will be set at 1,250 yen and the company has issued a total of 24.03 million shares to date, their market cap is expected to be around 31 billion yen ($290 million).

Founded in October of 2008, Giftee started the social gifting platform under the same name back in March of 2011. Subsequently the company launched a B2B service called Giftee for Business back in April of 2016, which allows companies to send an e-voucher to their clients and now accounts for 62% of the total revenue. They formed a capital and business tie-up with Japanese credit card giant JCB and department store operator Marui Group.

Gifttee had attracted a total of 1.1 million users with its original consumer-focused service since its launch to December of 2018, which eventually reached 1.25 million users back in June this year. Led by founder and CEO Mutsumi Ota (20.46%), the company’s major shareholders include telco giant KDDI (15.46%) and VC firm Jafco (15.05%).

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Translated by Masaru Ikeda

Japanese social gifting startup launches purchase behavior analysis solution

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See the original story in Japanese. Earlier this week KDDI Mugen Labo, held a demo day event which included a presentation from Giftee, a past graduate from its program. The startup allows you to send friends an e-voucher which they can then redeem at certain retailers. To give a gift, all you need is a connection to that person on a social network, and you can easily send presents to friends without even asking for their physical mail addresses. During their demo day presentation, the company unveiled a new voucher issuing system for businesses. This SaaS solution allows them to issue one-time validity e-vouchers to their customers, who can redeem it at local stores. For retailers, this new solution lets you check the validity of a voucher using the barcode scanner of a POS register at a shop. Extra equipment isn’t required to operate the service. Companies can easily distribute vouchers and analyze user behavior. When companies connect the system with their own CRM systems, they can narrow their target of who can receive e-vouchers according to certain attributes or purchasing histories. If you collect purchasing data of your target users, you can compare their behaviors before and after giving…

gifteeSee the original story in Japanese.

Earlier this week KDDI Mugen Labo, held a demo day event which included a presentation from Giftee, a past graduate from its program. The startup allows you to send friends an e-voucher which they can then redeem at certain retailers. To give a gift, all you need is a connection to that person on a social network, and you can easily send presents to friends without even asking for their physical mail addresses.

During their demo day presentation, the company unveiled a new voucher issuing system for businesses. This SaaS solution allows them to issue one-time validity e-vouchers to their customers, who can redeem it at local stores.

For retailers, this new solution lets you check the validity of a voucher using the barcode scanner of a POS register at a shop. Extra equipment isn’t required to operate the service. Companies can easily distribute vouchers and analyze user behavior.

When companies connect the system with their own CRM systems, they can narrow their target of who can receive e-vouchers according to certain attributes or purchasing histories. If you collect purchasing data of your target users, you can compare their behaviors before and after giving away the voucher.

Giftee was initially launched back in 2010 by three founders who all previously worked with Accenture. The startup received seed funding of 18 million yen (approximately $180,000) from KDDI Mugen Labo, Digital Garage, Kakaku.com, NetPrice, Inspire, and other angel investors back in 2011. Subsequently the company also raised an unknown amount of funds (thought to be in the hundreds of thousands) from Digital Garage and Sunbridge Venture Partners back in 2012.

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Tokyo’s Giftee launches new service, lets you mail a gift without any address

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See the original story in Japanese. Tokyo-based startup Giftee is a service that allows you to send a gift voucher over the internet. For instance, when you receive such a voucher from someone, you could use it to redeem a complimentary cup of coffee at a partnering coffee shop, for example. For gift givers, the service gives you a great way to send a small token of thanks or appreciation to someone lives far away from you. However for the gift receiver, the process of redeeming the coupon is not always easy. But the startup has just taken a step to remedy this. Giftee announced the launch of a new service today which delivers your gift straight to your friend on your behalf. For gift givers, you can choose a present from among 60 products across 20 brands, such as Japanese teas, sweets, flower arrangements, and accessories. When you complete the purchase, you will receive a specific URL from the service. Subsequently, you can send that URL to the recipient over e-mail, by a Facebook private message, or via the Line messaging app. You never need to know the receiver’s mailing address because they will be prompted to enter it…

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See the original story in Japanese.

Tokyo-based startup Giftee is a service that allows you to send a gift voucher over the internet. For instance, when you receive such a voucher from someone, you could use it to redeem a complimentary cup of coffee at a partnering coffee shop, for example. For gift givers, the service gives you a great way to send a small token of thanks or appreciation to someone lives far away from you.

However for the gift receiver, the process of redeeming the coupon is not always easy. But the startup has just taken a step to remedy this.

Giftee announced the launch of a new service today which delivers your gift straight to your friend on your behalf. For gift givers, you can choose a present from among 60 products across 20 brands, such as Japanese teas, sweets, flower arrangements, and accessories. When you complete the purchase, you will receive a specific URL from the service. Subsequently, you can send that URL to the recipient over e-mail, by a Facebook private message, or via the Line messaging app. You never need to know the receiver’s mailing address because they will be prompted to enter it after receiving the URL from you.

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For recipients, you can choose your preferred color or type.

For those receiving gifts, when you click the URL in a message from a sender, you’ll be requested to accept the gift and enter your own address. Using his dashboard, the sender can see if you have already read the notification e-mail.

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For senders, you can choose a gift card and attach a message.

Giftee’s co-founder/CEO Mutsumi Ohta explained what prompted him to launch this new service.

I learned one of our partnered merchants was selling very cute cookies. But the confectionery shop is located [relatively] far from any railway stations, so the coupon redemption rate was pretty bad. But the startup has an e-commerce channel and can ship their products from online orders. This means they are capable of delivering their products upon getting gift order requests. We started testing it last fall, and learned many people have repeatedly used the new service.

Mr. Ota thinks the service’s original concept to deliver small ‘thank yous’ over social media has been well understood among its users since the initial launch back in 2011. The only problem with this new delivery service is that it’s bit expensive to ship. But the startup is now trying to overcome this using a reasonably priced mail delivery service.

If you have some products that might be suitable for such a gifts, the startup welcomes your application to be a partner merchant. But they are careful about partner selection selection and there are a range of reasons why a product might not make the cut.