Xoxoday Ranks as the 9th Fastest Growing Technology Company by Deloitte Technology Fast50 India 2017(15:34 Hrs. IST)
BANGALORE, December 07,2017 /PRNewswire/ --
Attributes [3200%] Percent Revenue Growth in last five years of operations
Xoxoday, a leading provider of curated experiences, today announced that it has ranked as the 9th fastest growing technology company by Deloitte Technology Fast50 India 2017. The Fast50 Award is an annual award granted to the fastest growing technology companies, issued by Deloitte.
Over the past five years, Xoxoday has achieved an impressive turnover growth of 3200% as compared to its first year of operations.
Xoxoday was started in the year 2012. It was founded by Sumit Khandelwal, Kushal Agrawal, Manoj Agarwal and Abhishek Kumar. It is funded and backed by the Mahindra Group and Kshatriya Ventures. Xoxoday.com is into enabling local experiences and activities for tourists and city-residents. It is headquartered in Bangalore, India with 150+ employees and has its presence in the USA and UAE. Xoxoday has made five acquisitions in the last two years and has aggressive growth plans.
"Creating value for people through technology has been a prime focus for us at Xoxoday. We are a travel-tech company which enables 'last mile experiences' for the people. Xoxoday has built a platform for local people to 'host an experience' and guests to 'book an experience' on the go. It's a long tail of the travel and entertainment industry. The supply is unorganized and we aim to create value for both supply and the demand side. This award from Deloitte is a pat on the back to the entire team at Xoxoday. This motivates us to perform better and globally expand our 200,000+ guests list and 1000+ enterprises using our services," says Sumit Khandelwal, Co-founder & CEO, Xoxoday.
"Achieving sustained revenue growth of 4100% over five years is a tremendous achievement," said Rajiv Sundar, Partner, Deloitte India. "Xoxoday's phenomenal growth puts it in an excellent company."
About Deloitte Technology Fast50 India Program
The Technology Fast50 India program, which was launched in 2005, is conducted by Deloitte Touche Tohmatsu India LLP (DTTILLP), and is part of a truly integrated Asia Pacific program recognizing the India's fastest growing and most dynamic technology businesses (public and private) and includes all areas of technology - from Internet to biotechnology, from medical and scientific to computers/hardware.
The program recognizes the fastest growing technology companies in India based on their percentage revenue growth over the past three financial years.
Xoxoday.com, formerly known as Giftxoxo & Frogo, is a five-year-old company, which started in 2012. It is a part of Nreach Online Services Pvt. Ltd. With close to 150 employees and funded by the Mahindra Group and Kshatriya Ventures, it aims to democratize the last mile activity and experience industry. It has made five acquisitions across the globe in the past one year and has offices in India, USA and UAE. Xoxoday has built a platform that enables hosting of experiences and makes them available for guests and enterprises to explore and book on the go. Xoxoday currently has 2000+ Hosts, selling 5000+ Experiences. It has built a tech platform for hosts, guests and large enterprises to consume experiences in retail or bulk. It also helps 1000+ large enterprises in making their marketing or employee-related campaigns more experiential.
To learn more, visit www.xoxoday.com. Follow us on Twitter, Facebook, YouTube and LinkedIn.
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PR Manager, Xoxoday