India: Weddingz raises pre-Series A funding from Sixth Sense Ventures

Mumbai-based L-Fast Brands Pvt. Ltd, which owns and operates Weddingz, an online market for wedding venues and vendors, has raised an undisclosed sum from consumer-focused venture capital firm Sixth Sense Ventures, according to a report in The Economic Times.

The investment comes almost two months after the company raised over $1 million from a group of angel investors,  including Google India’s managing director Rajan Anandan and film makers Zoya Akhtar and Reema Kagti.

The portal will compete with NDTV’s soon-to-be launched wedding portal Special Occassion, that raised $20 million from Cerracap last year

The company plans to use the latest funding towards technology and automation and team expansion.

The company is present in 10 cities in India currently, and plans to expand across the top 20 cities in India by the end of 2016, and the top 100 by the end of 2017, the press release said. It also claims to organise more than 150 weddings every month.

“We are also looking at getting into newer categories like decor, honeymoon packages, and enhance our customer experience by technology development like making virtual tours of venues on the website possible,” said Sandeep Lodha, founder and chief executive of Weddingz.in.

Weddingz.in provides wedding venue recommendations. It also connects users with wedding service providers such as photographers, makeup and mehendi artists and planners.

“Convenience of a one-stop shop for all wedding related services “at the best rates”, makes Weddingz.in an ideal platform for couples. Further sophistication and transparency to all stakeholders, disrupts the way the industry is structured,” said Swati Mehra, partner – Investments at Sixth Sense Ventures

Mehra claims that, Sixth Sense Ventures’ investment in Weddingz.in, is the fifth such made by it. It has also invested in retail chain for luxury watches Ethos, roadside assistance company CrossRoads, hyper-local logistics startup Grab, and oral care company JHS Svendgard .

Also Read: 

India: Weddingz raises over $1m from filmmaker Zoya Akhtar, others

India: NDTV’s online wedding venture Special Occasion raises $20m from CerraCap

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.