Myshaadi.in, a wedding planning portal has raised first round of funding from Indian Angel Network. The investors include Rajan Anandnan, Sunil Kalra, Ashim Mehra and Rehan Yar Khan.
Rehan Yar Khan has joined the board of Shaadi.in. The funds will be used to strengthen operations and further innovate it's suite of services.
MyShaadi.in was launched in 2011 by Abhishek Jain. 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 website has so far served more than 13,000 couples and aims to have over 1 lakh couples by this year end.
The website also boasts of an interactive blogging section which is contributed by the industry experts that illuminates couples on latest trends and international concepts of wedding.
UTI Ventures Funds Management Company Private Limited, the private equity investment subsidiary of UTI Asset Management Co Pvt Ltd, has sold its stake in Ascent Capital Pvt Ltd to the management of the firm, which is headed by Raja Kumar.