Mumbai-based BookEventz, previously called UrbanRestro, has scored its second round of funding from prominent angel investors. This Round is being led by Mumbai Angels with participation from Singapore Angel Network and Zishaan Hayath (PLV). Bookeventz is a party venue and banquet Marketplace platform.
BoookEventz was founded in 2012, by name of UrbanRetroz, by Shriti Chhajed and Harsh Baid. Shriti, an engineer and MBA from SP Jain while Harsh Baid is a luminous IIT (Bombay) and IIM (Lucknow) alumni. Both Shriti and Harsh bring with them several years of working with top companies of India, giving them an edge in building a company with solid systems.
UrbanRestro claims to be India’s first online Venue booking platform started with enabling individuals and companies to book all their F&B requirements online – from restaurant reservations and party bookings to organizing unique culinary experiences. Tasting early success in Venue booking and events, the duo focused their brand to cover every detail for organizing any event – from selecting the venue to booking all vendor services – all at the click of a button. To reflect the new space they have entered, the brand has been aptly rechristened BookEventz. The round is being led by Mumbai Angels with participations from Singapore Angel Network and Zishaan Hayath (PLV).The fresh funding will be used to bolster the technology backend and an aggressive marketing campaign for the portal. Says Shriti on the development, “With this funding our aim is to develop a strong product enabling a seamless event booking process, making end users more comfortable doing it online than offline. Recently we have added 360 degree views of venues, reviews, detailed descriptions of approach, service, and ambiance for each of the venues. Also, we are increasing our service offerings for events such as artists, themes, caterers, decorators and more.”!
On the supply side, we have integrated with our Vendors which include India’s leading hotel chains, independent restaurants and banquets giving real time availability and offers for users.
Currently, BookEventz (prev Urbanrestro) has over 2000 Vendors listed with it in 11 cities. The website served 2000 customers in Nov 2015 and over 100 bookings made with a GMV of over 1 Crore.
With this round of funding, our focus will be on building products to make the whole booking process seamless for the usersand to expand our service offerings for them so that they can book the whole event online and not just venues. By Jul 2016, they aim to serve 20,000 customers bookings monthly.
Mumbai Angels, that has a wide portfolio spanning e-commerce, education, healthcare, IT, media, telecom and many more, is excited about BookEventz. Mr. Ishan Singh, the Mumbai Angels deal lead will be joining the company board says “BookEventz caters to a huge market need and the team has demonstrated excellent execution capabilities. They have the right mix of business acumen, customer first approach and product capabilities to make it a success.”