The Gifts Project (Acq. by eBay)

The Gifts Project, a social ecommerce platform for Group Gifting, was acquired by eBay. Founded in 2009 and headquartered in the United States, it offers a white label solution for major ecommerce websites, providing a Social Group Gifting Platform with group payment and social network integration at the checkout process. The platform enables customers to share special occasions with their social circles by allowing friends to contribute towards each other’s gifts while shopping at their favorite online retailers. The Gifts Project, a product of Appchee Applications Ltd, operates within the E-Commerce and Social Commerce industries. Although specific investment details are not available, the acquisition by eBay highlights the company's appeal and potential within the ecommerce and social commerce space.