# Sumit Khandelwal

> Sumit Khandelwal is Co-Founder and CEO of Xoxoday, a global rewards, incentives, and loyalty technology platform he built from a borrowed desk in Bengaluru in 2012 into a profitable enterprise serving 5,000+ clients across 175+ countries, processing 250,000 transactions daily and surpassing $1 billion in cumulative GMV. A software engineer turned FMCG product manager turned SaaS founder, Sumit embodies the rare combination of technical grounding and brand-building instinct, steering Xoxoday through a Series C raise in January 2026 and eyeing a potential IPO by late 2027 or early 2028.

- **Role:** Co-Founder and CEO at Xoxoday
- **Organizations:** Xoxoday, Hexaware Technologies, Wipro Consumer Care, Metro Cash and Carry, Recycle Trade India
- **Nationality:** Indian
- **Education:** B.E. in Electronics, Nagpur University, PGDM in Marketing and Finance, T.A. Pai Management Institute (TAPMI), Manipal
- **Known for:** Built Xoxoday from a single shared office room to a global SaaS platform serving 5,000+ enterprise clients, Scaled Xoxoday to 60 million+ users in 175+ countries with 9 global offices, Achieved approximately $1 billion in cumulative gross merchandise value

## Career timeline

- **2005** — Graduated with B.E. in Electronics from Nagpur University
- **2005-2007** — Software Engineer at Hexaware Technologies
- **2007-2009** — PGDM at T.A. Pai Management Institute (TAPMI), Manipal
- **2009-2011** — Product Manager for Santoor Soaps at Wipro Consumer Care
- **2011-2012** — Manager of Own Brands at Metro Cash and Carry
- **2011-2012** — Business Development Manager at Recycle Trade India
- **2012** — Co-founded Xoxoday (initially GiftXoxo) with Manoj Agarwal, Abhishek Kumar, and Kushal Agrawal
- **2012** — Secured first bulk corporate gifting order on August 10; achieved ₹20 lakh monthly revenue by Diwali
- **2013** — Received first seed funding from Naveen Kshatriya
- **2015-2016** — Led acquisition of five companies including Bluebulb, Yipeedo, and Actizone
- **2016** — Pre-Series A funding from Mahindra Holidays
- **2017** — Company rebranded from GiftXoxo to Xoxoday
- **2018** — International expansion begins; company enters its global growth phase
- **2022** — Raised $30M from Giift and Apis Partners (Series B)
- **2026** — Raised Series C from Apis Partners and 57 Stars; company profitable, IPO targeted for 2027-2028

## Achievements

- Built Xoxoday from a single shared office room to a global SaaS platform serving 5,000+ enterprise clients
- Scaled Xoxoday to 60 million+ users in 175+ countries with 9 global offices
- Achieved approximately $1 billion in cumulative gross merchandise value
- Guided Xoxoday to profitability ahead of planned IPO in 2027-2028
- Raised Series C from Apis Partners and 57 Stars in January 2026
- Led acquisition of five companies between 2015-2016 to accelerate platform capabilities
- Built product suite covering Plum (global rewards), Empuls (employee engagement), and Loyalife (customer loyalty)
- Platform processes nearly 250,000 transactions daily across 100+ countries
- Recognized as TAPMI CXO Talk Series 2025 speaker, inspiring students as an alumnus-turned-global-CEO

## Latest updates

- **2026-01** — Xoxoday raises Series C round backed by Apis Partners and 57 Stars to accelerate global expansion
- **2025-03** — Xoxoday rebrands globally as part of strategic consolidation under the Xoxoday name

## Links

- Website: https://xoxoday.com
- LinkedIn: https://www.linkedin.com/in/sumitkhandelwal2/
- Twitter/X: https://twitter.com/thexoxoday
- YouTube: https://www.youtube.com/watch?v=OqBiAOJAeb0
- Facebook: https://www.facebook.com/thexoxoday/

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Profile page: https://yespress.io/sumit-khandelwal
Published by YesPress — https://yespress.io
Last updated: 2026-05-22