Online marketplace for party services, Evibe.in, has raised an undisclosed amount in angel funding round led by Hyderabad Angels. The round also saw participation from Lalit Mangal (co-founder of Commonfloor), Vikas Malpani (co-founder of Commonfloor), Gaurav Bhalotia (VP Engineering, Flipkart) and LV Prasad & Co. from BITS Alumni.
Bangalore-based Evibe.in was founded in Februaury 2014 by B Anjaneyulu Reddy and Swathi Bavanaka. It is an online platform for hassle-free party planning with a wide range of packages & trends relevant to an occasion. These packages can be booked online. A typical package includes party hall, decor, photo shoot, etc. either individually or in a combination. They aim to ensure 100% service delivery guarantee with minimal human interaction. The startup has been growing at an average 20% every month with over 1,60,000 guests.
With this funding, the company plans to expand across all celebrations such as pre-post weddings, house warming, conferences, etc. in Bangalore in next 6-9 months. Evibe.in visions to expand into all major party services including return gifts, invitations, variety artists & more to make it a one-stop platform for celebrations.
On the development investor LV Prasad said, “Evibe addresses a major pain point associated with arranging any kind of party in today’s busy urban life. At Evibe, with a few clicks, one can pick up the location, the food, the decor, the cake, the entertainers and all the paraphernalia that goes with arranging a party. And to me, the biggest takeaway is the time saved by avoiding long drives to see locations, meeting vendors and hundreds of phone calls in coordination.”
Soon Niraj Mital, an investor with Hyderabad Angels and P S Sreekanth, Investment Director at Hyderabad Angels would join Evibe’s Board as Director and Observer, respectively.
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