Predict your next investment

Giftpack company logo
INTERNET | eCommerce / Multi-Product
giftpack.io

See what CB Insights has to offer

Founded Year

2017

Stage

Seed | Alive

Mosaic Score

+10 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Giftpack

Giftpack is an on-demand gifting service that allows people to send gifts across cities and countries in just 3 hours.

Giftpack Headquarter Location

268 Bush St. #3937

San Francisco, California, 94104,

United States

+1 712-938-1274

Latest Giftpack News

Corporate Gift Spending More Than Doubled During the Pandemic, According to Giftpack

Dec 13, 2021

On Dec 13, 2021 Businesses around the world are spending more on gifts, according to Giftpack, an international AI-driven gifting service available in 78 countries. As of October 2021, the average check had increased by 66%, averaging at $125 per unit year-over-year. The median corporate gift budget also saw a significant rise, with most of its 22% growth margin attributed to gifts for employees. “COVID-19 reminded businesses how important it is to show their employees that the company cares about them,” said Archer Chiang, Giftpack founder and CEO. “Gifts are an obvious way to bolster motivation and even support mental health while working remotely. Also, they can help a lot when it comes to improving client engagement rates and building long-lasting relationships.” Chief Technology Officer (CTO) was the most generously rewarded position in 2020-2021, with an average gift amounting to $1,000, double the amount for CEO ($500) and CFO ($500). Other titles with high average checks included Executive Assistant ($250), Business Development Manager ($240), Sales Representative ($200), Chief of Staff ($180), Software Engineer ($150), and Marketing Associate ($120). According to Giftpack, gift popularity varies by region. In the US, most users narrowed their search criteria to “security,” “habit-forming,” “outdoor experience,” and “mental health.” Meanwhile, Asia’s top keywords included “family” and “home decor,” while in the EU the most popular categories were “kitchen” and “remote working.” Giftpack currently serves more than 900 corporate accounts in addition to more than 20,000 individual clients. The company’s own AI solution finds gifts from a catalog of over three million products available worldwide. By analyzing the gift recipient’s personal keywords, social media, and digital footprint, the service gets a sense of their tastes, interests, and preferences in order to provide the best-personalized options. According to Coresight Research, the US corporate gifting market is projected to reach $242 billion by the end of 2021 and grow to $306 billion by 2024, at a rate of over 8% a year. Write in to  psen@itechseries.com  to learn more about our exclusive editorial packages and programs.

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Giftpack

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Giftpack is included in 2 Expert Collections, including Conference Exhibitors.

C

Conference Exhibitors

5,302 items

E

E-Commerce

9,049 items

Giftpack Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Giftpack Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.