eBay acquired Israeli startup The GiftsProject for an undisclosed sum, according to AllthingsD. Founded in 2009, The GiftsProject has created a social commerce application, enabling users to vote, comment and buy a gift together as a group. Back in February, the GiftsProject announced a partnership with eBay as well as $1 million seed round from Gemini and Index ventures.
Monetizing Groupthink – Interview with Israel’s Gift Project
The Gifts Project is a social ecommerce platform enabling group gifting. Its CEO, Ron Gura, was a mentor at Seedcamp Tel Aviv 2011, an early-stage micro seed investment and mentoring programme. Startup Intelligence recently interviewed him for VC Cafe.