Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,921.50-96.9
Stock Analysis, IPO, Mutual Funds, Bonds & More

Party planners Evibe collects angel round from Hyderabad Angels

The Bengaluru-based startup which provides end-to-end services for children’s parties plans on expanding into a full-fledged portal for event planning and booking.

, ET Bureau|
Updated: Jan 14, 2016, 05.43 PM IST
0Comments
The Bengaluru-based startup which provides end-to-end services for children’s parties plans on expanding into a full-fledged portal for event planning and booking.
The Bengaluru-based startup which provides end-to-end services for children’s parties plans on expanding into a full-fledged portal for event planning and booking.
HYDERABAD: Online marketplace for party and event services Evibe has raised an angel round of around Rs 72 lakh (less than USD 110,000) led by Hyderabad Angels. Other investors in the round include co-founders of Commonfloor Lalit Mangal and Vikas Malpani as well as VP Engineering at Flipkart, Gaurav Bhalotia.

The Bengaluru-based startup which provides end-to-end services for children’s parties plans on expanding into a full-fledged portal for event planning and booking.

“Over the next six months we would like to go deeper into the Bangalore market. So far we have processed 1500-plus orders. We plan on extending our services to vendors through ERP and financial statement management,” said Anjaneyulu Reddy, founder and CEO of Evibe.

The startup founded in February 2014 was mentored by TiE Bangalore and works on a commission per transaction model with the service providers on its platform.

Also Read

Hyderabad Angels, others back analytics company ZineOne

Hyderabad Angels to set up a chapter in the US

Health Sutra gets Rs 2.12 crore from Ankur Capital, Hyderabad Angels

Hyderabad Angels invest Rs 15 crore in 12 start-ups

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service