Add-on Acquisition • E-Commerce

Swych Acquires Gift Cards India

On May 8, 2018, Swych acquired e-commerce company Gift Cards India

Acquisition Context

This is Swych’s 1st transaction in the E-Commerce sector.
This is Swych’s 1st transaction in India.

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M&A Deal Summary
Date	May 8, 2018
Target	Gift Cards India
Sector	E-Commerce
Buyer(s)	Swych
Deal Type	Add-on Acquisition

Target Company

Gift Cards India

Mumbai, India

GCI Network Pvt. Ltd. is an online shopping destination for all gift card and gift voucher. GCI Network Pvt. Ltd. was founded in 2010 and is based in Mumbai, India.

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Buyer Overview 1

Buyer

Swych

Plano, Texas, United States

Category	Company
Founded	2015
Sector	Internet Software and Services

DESCRIPTION

Swych, Inc. is a mobile gifting platform enables users to send "swychable" gifts from their mobile device that can be instantly redeemed for electronic gift cards from more than 120 popular brands. Swych, Inc. was founded in 2015 and is based in Plano, Texas.

Deal Context for Buyer	#
Overall	1 of 1
Sector: E-Commerce	1 of 1
Type: Add-on Acquisition	1 of 1
Country: India	1 of 1
Year: 2018	1 of 1

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