India’s leading chain of branded venues, BookEventZ.com has raised Series-A funding from Mumbai based VC firm Equanimity Ventures founded by Rajesh Sehgal (Formerly with Franklin Templeton Investments). The fresh funding will be used to increase the number of flagship venues. The company that already has over 30 venues in Mumbai aims to push the envelope further with 1000 venues in India by 2021, to reemphasize its market leadership position.
"We have been profitable for the last one year and growing organically. The partnership with Equanimity has come at a very right time for us to expand the business exponentially. The fresh capital will be used to reach to 100 Venues in Mumbai and create a stronger brand by working on overall user experience at each venue,” says Shriti Chhajed, the Founder of BookeventZ.com.
BookEventZ.com was started in 2013 and has served over 3.5 lacs events till date and lists over 10,000 properties in India. It is India’s leading chain of branded venues that provides best in class services for Weddings, Parties and Corporate events. Apart from having the various venue options, the platform also offers a virtual tour of venues and real-time availability, which is a real blessing for customers to save on time, money and mundane surfing. They strike the right chord with customers by making venue booking process lot more convenient for them.
“We have been able to increase banquets occupancy by over 30% from the very first year, by the demand generated through our portal and smartly pricing the inventory based on the demand estimation. Our venues are managed through sophisticated software that helps giving customer real-time information and thereby increasing the efficiency of the booking process. Above all, the processes at these venues have been standardized giving the customer assurance and trust for their events which will be part of their lifelong memories,” says Harsh Baid, Founder of BookEventZ.com.