GoYaNo, an online marketplace for discovering events and restaurant deals, has raised around $50,000 (Rs 35 lakhs) in seed funding from Carclubindia.com founder Mukesh Kumar Gupta.
The startup will use the money raised to develop new products and expand its business, Nitin Sharma, co-founder of GoYaNo, told Techcircle.in.
GoYaNo, run by New Delhi-based GoYaNo Pvt Ltd, is a marketplace that enables restaurants, artists and event managers to list events and offers. It functions like a social platform where users can interact with their favorite restaurants and artists to form like-minded communities.
“The vision is to bring the entire events and food ecosystem under one social platform,” Sharma said.
The GoYaNo app was launched in December 2015. The company was started by Sharma and Gaurav Singh. Both co-founders worked at Snapdeal and Sun Life Financial, before starting up.
The company is currently operational in Delhi and NCR. It claims to have tie ups with about 300 premium properties in the region and has facilitated restaurant and event deals for about 3,000 users, Sharma said. Customers can access the platform through the startup's website and Android app.
GoYaNo wants to be present in six cities and cater to about 250,000 users by the current-year end, he added.
The company is in talks with angel networks and VC firms to close another round of funding.
GoYaNo would largely compete with horizontal deal aggregators (such as Little, Perksmap, Groupon, Zerch and others) and nightlife planning apps (such as OUWT,FNB City Media, Happitoo and others).
Little Internet Pvt Ltd, which owns the deals discovery app Little, recently raised an undisclosed amount in funding from Singapore sovereign wealth fund GIC Pvt Ltd.
Mumbai-based Yagerbomb Media Pvt Ltd, which operates nightlife discovery platform OUWT, had secured $150,000 (around Rs 1 crore) from a group of undisclosed angel investors.