Bonjour, new guests from small-town India
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
BookEventz.com - Twitter/BookEventz.com
BookEventZ.com, an online portal for event bookings, has raised an undisclosed amount in Series A funding from iconic global fund manager Mark Mobius-backed venture capital firm Equanimity Ventures. The company, which has been profitable for the last one year, intends to use the funding for expansion plans.
“This is purely a growth capital that we have raised, and the funding will be used to increase our number of flagship properties. We have about 30 venues now, and we intend to take it to 100 properties by October,” BookeventZ.com Founder Shriti Chhajed said.
The company’s present GMV stands at about Rs 4 crore per month, which would also rise about Rs 15 crore per month by the end of this financial year, she added.
BookEventZ.com was boot-strapped in 2013 by entrepreneur Harsh Baid with an investment of about Rs 50 lakh, and later in November 2015, the company raised seed funding from Mumbai Angels. In October 2016, it raised another funding (all undisclosed) from Mumbai Angels, Lead Angels and LetsVenture.
Following the expansion, the company also expects its number of event bookings to rise to 600-700 per month by end of the calendar year, from the present 200 every month.
The company, which has served more than 3.5 lakh events till date and lists over 10,000 properties in India, expects to increase the number of flagship venues to about 1,000 by 2021.
Mumbai-based Equanimity Ventures was founded by Rajesh Sehgal, who was formerly with Franklin Templeton Investments.
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Citroen’s first vehicle sports a novel design and European interiors. It is also meant to be as comfortable as ...
The pandemic is only the tip of the iceberg that the country’s cash-poor airlines — both regional and national ...
The government is yet to specify the framework of its recently announced old vehicle scrappage policy
Here is a checklist that equips you to discern the market nuances
Sensex, Nifty 50 have witnessed sharp decline
The fund has consistently outperformed S&P BSE 100 TRI over one, three and five years
Returns are superior to immediate annuity plans, but SCSS can secure better rates for new investors sooner if ...
They are the health warriors who battled the Covid-19 pandemic on the ground, and are now the face of the ...
Creator of the world’s biggest art canvas hopes to help children in poorer countries
A book on Badri Narayan is a tribute — albeit a belated one — to an artist who did not enjoy the recognition ...
The country hasn’t had a quiet moment since the military seized power on February 1
Its name is the starting point of a brand’s journey and can make a big difference in the success sweepstakes
Sober spirits are the in thing
A peek into where ad spends went last year and where they are headed tomorrow
Can Swiggy Instamart disrupt the ecommerce groceries space, currently ruled by the Amazons and Big Baskets? ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor