Relaxo ventures into the digital gift voucher space with GyFTR
GyFTR will enable end-to-end execution, technology, and delivery for Relaxo to create more visibility in the end-customer market through digital gift vouchers
Published - 19-March-2019
Footwear brand Relaxo Footwears Limited is now foraying into the digital gift voucher and loyalty points redemption space with GyFTR (Vouchagram), an online-to-offline (O2O) peer-to-peer gifting platform. The association gives Relaxo access to GyFTR's comprehensive gifting ecosystem and will include brand listing across top online catalogues, seamless and instant gifting/redemption and 24x7 customer support. The partnership is expected to bolster sales and customer acquisition for Relaxo, with GyFTR serving as a lucrative alternative sales channel for the brand.
The Relaxo vouchers being powered by GyFTR are redeemable across its 300+ listed brand outlets across the country in values ranging from INR 100, INR 250, INR 500, INR 1000, INR 2000 and INR 5000. The vouchers can be clubbed with ongoing promotions and offers. Users can even combine and redeem multiple gift vouchers on the same bill.
Commenting on this association, Arvind Prabhakar, Co-Founder and CEO – GyFTR, said, “Relaxo has been a popular offline brand for more than four decades has created a strong consumer base on the basis of its powerful merchandising, retail expansion and advertising. Its maiden foray into the digital voucher and redemption space with GyFTR will help the brand replicate its offline success with the rapidly growing online consumer base in India. We are confident that Relaxo will benefit from the differentiation that our extensive partner ecosystem of leading online brand catalogues in India will facilitate, registering a significant increase in transactions and hassle free customer acquisition.”
GyFTR currently services more than 2 million customers and has a clientele of 135+ active brands. The platform manages end-to-end execution, technology, and delivery for brands and facilitates seamless gifting across multiple geographies. It has been revolutionising the segment by making the experience of receiving a gift like a ‘gift’ in itself through its proprietary technology.