Bangalore-based startup Xoxoday, which was founded in August 2012 was listed in the top 100 position of the Small Medium Enterprises (SMEs) of India Award at the India SME 100 Awards presented by Axis Bank along with India SME Forum.
Xoxoday, which primarily provides technology platforms to enterprises to manage their employee, channel partner and consumer engagement, rewards, recognition and incentive programs, underwent a stringent evaluation criteria laid down by the India SME Forum jury board. The winners were chosen from 33,102 nominations based on their financial and non-financial performance.
The award ceremony held in the presence of MSME minister Giriraj Singh and Minister of Commerce & Industry Suresh Prabhu was a premier platform to felicitate small-scale industrialists for their unrecognised efforts in their respective segments.
Xoxoday has seen over 160% of average annual revenue growth with a very capital efficient model. It has worked with around 1,000+ global enterprises since its inception and indirectly reaches around two million end-users through its platform.
The platform helps enterprise, large and small, to digitise and automate their rewarding workflows, incentive budgets, nominations and rule-based incentives.
The platform empowers the end-user with a lot of social recognition capabilities, building like-minded communities, share feedbacks, participate in ideation and thus reinforces positive behaviours for better business results for the enterprise.
The instant awards from the platform can be redeemed on 10,000+ options like experiences, activities, gift vouchers, learning & training, and special offers.
Xoxoday is also one of the pioneers for digitising experiences and activities through its supplier-side SaaS platform. It has aggregated around 5,000+ experiences and activities in around 20 countries in the world.
On winning the Award, Manoj Agarwal, Co Founder, Xoxoday, said, "It's a happy moment for us to be part of this award. This is a testimony of the hard work of our team to make this company a success with strong business values and fundamentals. Xoxoday has leveraged technology capabilities well and would continue to do so to become one of the best companies in the rewards, recognition and incentives domain."