Company Name : Evibe
Funding Amount : Undisclosed
Investor(s) Hyderabad Angels Lalit Mangal. Vikas Malpani. Gaurav Bhalotia
Funding Round : Angel round
Evibe, an online marketplace for party services has raised an angel funding round led by Hyderabad Angels. Lalit Mangal (Co-founder, Commonfloor), Vikas Malpani (Co-founder, Commonfloor), Gaurav Bhalotia (VP Engineering, Flipkart), LV Prasad & Co. from BITS Alumni also participated in the funding round.
With this funding, in the next 6-9 months the startup plans to focus in Bangalore and expand across all celebrations and build a proprietary backend technology.
The startup founded in 2014 by husband-wife B Anjaneyulu Reddy and Swathi Bavanaka, claims to have been growing at an average 20% every month with 1,60,000+ guests.