T-Venture, the corporate venturing unit of Germany-based telecoms company Deutsche Telekom, has invested a seven figure amount in Berlin-based social gifting startup, DropGifts.

DropGifts was founded in February.

Thomas Vogel, senior investment manager at T-Venture, said: “DropGifts closes  the gap between traditional commerce and social networks. It adds to Deutsche Telekom’s offerings in the mobile commerce sector. The  business model of social gifting gives users of social media the opportunity to maintain friendships in a completely new way. DropGifts’ ambitious…

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