28 December 2016, India:
BookEventZ, an online Event-Booking platform has raised an undisclosed amount in a successful Pre-Series A round from Lead Angels, Mumbai Angels and Letsventure. Existing investors also participated in this round.
Key investors of this round include Girish Mathrubootham (Co-Founder Freshdesk), Anbu Pandian (CEO PanZeea Solutions) and Ishan Singh (Director Recapital Ventures) who led previous angel round as well.
BookEventZ has served more than 73,000 event inquiries, booked over 5000 events with GMV crossing Rs. 50 Crore. The website aims to make the booking process an easier, smarter and quicker experience for the people by showing them a virtual tour of the venues, giving availability and getting them best rates.
Shriti Chhajed, Founder BookEventZ said, “With this round of funding we are looking to reach 1500 event bookings monthly giving business worth Rs. 15 Crore to our Vendors. We will soon have online event management tools for our users to design invites, get RSVP and manage vendors. Also, users will soon be able to book all vendors (photographers, decorators & artists) at standard prices from the website.”
Ishan Singh, Director Recapital Ventures said, “Co-founders Shriti and Harsh have shown that they can stay the course and have executed on the plan so far. They continue to leverage technology and innovative ways to strengthen their positioning as a technology partner for venues. I am happy to continue on their board and support their growth. This is a real business that solves a pain point and uses technology to automate processes.”
Currently, booking over 250 events monthly, BookEventZ has good business from various types of events such as Weddings, Corporate Parties, Conferences, Social Get-togethers and more.
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