Funding story
The party planning segment received a huge boost recently when marketplace for party services, Evibe.in raised an undisclosed amount in angel funding. This round was led by Hyderabad Angels. Others who participated in this round include the likes of Lalit Mangal and Vikas Malpani of Commonfloor and Gaurav Bhalotia of Flipkart. LV Prasad &Co. also participated.
About Evibe’s services
This party planning marketplace was founded in February 2014 by B Anjaneyulu Reddy and Swathi Bavanaka. It offers a comprehensive platform which allows for the hassle-free planning of every aspect of a party. Various kinds of Party halls, décor styles, packages, trends and even cakes on offer can all be accessed via a single click. Exciting party trends are also highlighted separately, along with their prices. The ultimate aim is to ensure that the user’s desires are catered to, whatever these may be.
Currently dealing mostly with birthday party planning, the startup offers a diverse range of services. For instance, it offers details of party venues. In addition to the price of booking, costs of meals, and details about the entertainment systems being used at these places are also available. Reviews from tripadvisor and zomato are also collated. This emphasis on quality is certain to serve the startup well.
Recent achievements, and the road ahead
According to Reddy, plans are afoot to further tap the already burgeoning Bengaluru market. Services may be doled out through ERP’s and financial statement management in the near future. The startup thus seeks to become a full-fledged portal for event planning by offering end-to-end services.
Its commission per transaction model has already reaped rich rewards, with over 1500 orders having been handled already. An average monthly growth of 20% has been attained, to the satisfaction of as many as 160,000 guests. Plans are also afoot to expand across India,in the long run.
Visit the startup’s excellent website for more info.
