2014-12-05

Snapdeal founders invest Rs 1.3 crore in Delhi-based startup Gigstart

Gigstart is a marketplace that facilitates quick and transparent connects between entertainers and party planners.

Snapdeal founders invest Rs 1.3 crore in Delhi-based startup Gigstart

Gigstart owned by New Delhi based Alpinismo Online Ventures has raised a seed fund of $210,000 (Rs 1.3 crore) from Snapdeal’s co-founders Rohit Bansal and Kunal Bahl, Mauritius-based Indian Dream Capital and GSF’s Rajesh Sawhney, according to a report published by VCCircle.

Narendra Singh Rawat, TA Venture Holding Limited, Roshan Abbas, and Anand Chandrasekaran also participated in the round, the report sttes further.

Gigstart is a marketplace that facilitates quick and transparent connects between entertainers and party planners. The company claimed that it is first of its kind booking service where all the artists are verified and reviewed in order to ensure we offer you nothing less than the best.

The VC circle report stated that the funds will be used to build technology infrastructure, create content and hire talent, in addition to expanding to newer geographies, especially in Tier II and Tier III cities and Dubai.

“We aim to channelise the funds in a manner that helps us build a world-class product in terms of scale, reach and value,” Atit Jain, co-founder, Gigstart told VC Circle.

The company was co-founded by Atit Jain and Madhulika Pandey in December 2013. Atit Jain is an Electronics and Instrumentation engineer while Madhulika Pandey is an Indian classical singer.

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