BookEventZ, an online event booking platform, has raised an undisclosed amount in a Pre-Series A round from Lead Angels, Mumbai Angels and Letsventure. Along with them, existing investors have also participated in this round.
Key investors of this round include Girish Mathrubootham (Co-Founder of Freshdesk), Anbu Pandian (CEO of PanZeea Solutions) and Ishan Singh (Director at Recapital Ventures), who led previous angel round also.
Commenting on this funding round, Shriti Chhajed, Founder BookEventZ, said,
With this round of funding we are looking to reach 1500 event bookings monthly giving business worth INR 15 Cr 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 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.
The company claims to have served more than 73,000 event enquiries, booked over 5000 events with GMV crossing Rs 50 Crore. The platform now aims to make the booking process easier, smarter and quicker for the people by showing them virtual tour of the venues, giving availability and getting them best rates.
Currently, the platform is getting bookings of over 250 events monthly, and has good business from various types of events such as Weddings, Corporate Parties, Conferences, Social Get-togethers etc.
Founded in 2012 by Shriti Jain, the company claims to be India’s first Party Venue and Banquet Booking platform, With over 1000+ venues ranging from restaurants, lounges to resorts, hotels, party plots and caterers.