Mazkara Internet, a consumer internet company, based out of Pune, recently announced its acquisition of a Mumbai-based startup BazingaLabs, as it increases focus on mobile technology. BazingaLabs has worked directly with Mazkara Internet, building products, and improvising technology. The formal acquisition took place a short time ago in 2017. The deal is part equity, part cash.

Commenting on the development, 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. In the past, Bazinga has partnered with leading startups for developing their mobile products starting with ideation, design, backend and frontend development and even growth hacking.

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,” said Kakshil Shah, Founder of Bazinga Labs.

Mazkara Internet was founded by Prasanjeet Roy and Mohammad Ali in 2015. Mazkara Internet has traversed the crucial sector of product development. It has holistically executed Fabogo- 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. Eventually, to expand its horizon to other realms of product development, BigReach- a digital marketing company’s development and EatRepeat- a restaurant app building service, personalized for your restaurant or cafe were conceptualized.

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.

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