IGP (e-gifting retailer) Karamchand Appliances and Tarun Joshi, Director, PE firm, 3i. In December 2017, the company raised an undisclosed amount of Pre Series funding from the VC firm, Venture Catalysts. IGP (e-gifting retailer) IGP (formerly known as IndianGiftsPortal) is an Indian online gifting company based in Mumbai, India founded in 1999. IGP claims to be the largest platform for Indian ethnic products and gifts and has the largest collection of products that caters to Indian festivals and events. IGP has five warehouses, including one in the US. IGP earlier known as IndianGiftsPortal was founded in 1999 by B2B e-commerce company IndiaMART and
Flipkart with the company that is leading transformation of eCommerce in the market". Indian traders protested against the deal, considering the deal a threat to domestic business. In a filing with the U.S. Securities and Exchange Commission on 11 May 2018, Walmart stated that a condition of the deal prescribed the possibility that Flipkart's current minority shareholders "may require Flipkart to effect an initial public offering following the fourth anniversary of closing of the Transactions at a valuation no less than that paid by Walmart". Following the announcement of Walmart's deal, eBay announced that it would sell its stake in Flipkart