The online wedding services portal, Myshaadi.in has raised its first round of funding from the Indian Angel Network. The investors include active angel investors Sunil Kalra; Ashim Mehra; Rajan Anandnan; and Rehan Yar Khan, the man behind Remindo and Flora2000.
Launched in February, 2011, the portal enables couples to plan wedding events, share invitations, share photographs along with features like budget calculator, shopping list, to do list, etc. The site has served more than 13,000 couples and aims to add one lakh couples by the end of 2012.
The investment will be used to hire and bring in more talent from the industry and strengthen operations. Likewise it will also be used to innovate and extend the present gamut of services offered by myshaadi.in. “Services of Myshaadi.in will enable the new generation of internet savvy to-be-married couples a unique opportunity to extend their marriage to an online world,” says Abhishek Jain, Founder, Myshaadi.in.
With wedding industry being the fourth largest contributor to India’s GDP, Myshaadi.in is certainly in a very lucrative space, and the investors have surely seemed to spot it.
Also see: 360invite, a startup by SMSCountry founders.