VenueLook Raises Pre-Series A Funding from Angel Investors & Successful Entrepreneurs
Venuelook, an online-to-offline (O2O) platform and marketplace for venue aggregation, recommendation and booking raised an undisclosed amount pre-series A funding from prolific angel investors and successful entrepreneurs like Srikant Sastri (Co-founder, Crayon Data), Shailesh Rao (Senior Advisor - TPG; McKinsey & Co; Board Member - JLL), VP Rajesh (Managing Partner - Banyan Capital Advisors LLP) and Vishal Sampat (Founder of Convonix).
Ruchi Garg, Founder, VenueLook, says, “Venuelook has over 15,000 venues already listed, making us the biggest marketplace of event spaces in India. We plan to use the funds from the current round to replicate our success in Delhi-NCR to other major cities of the country. We have already put in place a team for Mumbai and are in the process of expanding to 16 other cities. By making the most of technology and analytics, we will provide better value to both, our end customers who want a hassle-free experience while organizing their events and venue owners, who can leverage our algorithm to improve their occupancy levels”.
Backed with AI algorithms that help identify and match customer requirements with the best venue options available, it simplifies the venue discovery and booking process for weddings, social and corporate events. With over 12+ years of experience in technology and events industry, Ruchi Garg started VenueLook with an objective to create and end-to end solution for every event. It helps customers to book the ideal venue using a combination of technology and domain expertise this offering the Indian consumer a one-stop-shop solution for all their venue booking and event requirements.
Founded in 2014, VenueLook acts a marketplace for venue owners and venue seeks. It helps people find, shortlist, compare and book venues for their events. Currently, VenueLook have 15,000+ venues profiles and serve around 10,000+ events per month. Srikant Sastri, Co-founder, Crayon Data, states, “Our investment decision was influenced by the robust tech and execution capabilities built by Ruchi and her team which has resulted in a phenomenal growth rate of over 20 percent month over month in the last 1 year”.
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