It seems that besides the ongoing e-commerce war, there is going to be an investment competition between e-commerce’s founders as well. Three days back, Flipkart founders Sachin Bansal and Binny Bansal had invested USD 1 million in Chennai-based electric vehicle startup Ather. And, now Snapdeal founders Kunal Bahl and Rohit Bansal have participated in a USD 200,000 investment round in a Delhi-based startup, Gigstart, an online party planning marketplace.
Other investors – Indian Dream Capital, Rajesh Sawhney, Narendra Singh Rawat, TA Venture Holding Limited, Roshan Abbas and Anand Chandrasekaran also participated in this round. Gigstart is a part of GSF Accelerator’s 2014 batch of startups.
The raised funds are expected to be used for building technology infrastructure, content, hiring key talent to facilitate expansion and exploration of newer geographies.
Launched in December 2013 by Atit Jain and Madhulika Pandey, Gigstart facilitates connections between entertainers including anchors, stand-up comedians, singers, dancers, make-up artists, photographers and other performers and party planners. The company claims to have verified listings, meaningful reviews and ratings.