Pune-based Consumer internet company, Mazkara Internet, has acquired Mumbai-based startup BazingaLabs. This acquisition seems to increase the company’s focus on mobile technology. BazingaLabs has worked directly with Mazkara Internet, building products, and improvising technology. The deal is said to be held in part equity, part cash. The formal acquisition took place a short time ago in 2017.
Founded by Prasanjeet Roy and Mohammad Ali in 2015, Mazkara Internet has traversed the crucial sector of product development. It has executed Fabogo which is a multifaceted platform for you to tour through salons, cosmetic centers, fitness clinics and spas based on your location in Dubai, Pune, and Mumbai. Frequent offers, deals, and discounts can also be searched for on the website or the mobile app.
Commenting on the acquisition, Prasanjeet Roy, CEO, and Co-founder of Mazkara Internet said:
We have a solid business model in place and our expertise lies in web technology. However, with launching transactions on our flagship product Fabogo, the need of the hour was focusing on mobile technology. With Kakshil and team onboard, we are confident of taking Mazkara Internet to the next level.
BazingaLabs, founded by Kakshil Shah, has its core expertise in developing the cutting-edge mobile technology. They developed Skedule, a mobile application that had a similar business model as Fabogo.
Kakshil Shah, Founder of Bazinga Labs:
The acquisition came very naturally, as we were already working closely with Mazkara Internet for almost a year. Our technical skills and their business expertise harmonize perfectly with each other.
In the past, Bazinga had partnered with leading startups for developing their mobile products starting with ideation, design, backend and frontend development and even growth hacking.
Mazkara Internet, in order to expand its horizon to other realms of product development, conceptualized BigReach – a digital marketing company’s development and EatRepeat – a restaurant app building service, personalized for your restaurant or cafe.
Fabogo, the flagship product of Mazkara Internet which recently secured a third round of funding of $2.25 million from Dubai based micro PE investors, Dunamis Ventures, is committed to spending 40% of the portion on technology. This is the first step towards reaching this goal.