Bangalore, November 10, 2016 -BlueBook, An app that brings together, exclusive offers from the best outlets across categories, raise an Undisclosed Angel Round from Lead investors Avinash Vashistha, Dr Srinubabu Gedela, Rajiv Mehta and others on LetsVenture.
BlueBook, is a user-friendly mobile app that brings exclusive offers from the best outlets across categories ranging from Food & Beverage, Health & Wellness, Entertainment via a subscription model for end users. It raised an undisclosed amount in a successful angel round with Lead investors Avinash Vashistha (Chairman & Country Managing Director – India at Accenture), Dr Srinubabu Gedela (Founder & CEO, OMICS International), Rajiv Mehta (CEO of Arvind Brands) and other investors on LetsVenture & IAN.
“Bluebook’s business model is a right mix of data and business intelligence.The ability to do the right kind of matching, connecting local retailers to right consumers, leveraging technology is a defensible value proposition and key differentiation” said lead investor Avinash Vashistha.
“BlueBook is a refreshingly smart venture in the O2O space – a space flooded by companies with high burn rates and questionable business models. BlueBook, in contrast, has been successful in creating both positive unit economics & scalability, making it a lucrative proposition for investors on the LetsVenture platform” said Shanti Mohan, Founder of LetsVenture.
Bluebook has managed to build significant traction with a lean team size of 8. They have 42k downloads and are live in Hyderabad, Bangalore & Gurgaon. The app has 350+ exclusive brands on board with 600+ exclusive deals on the platform.
Bluebook is a user-friendly mobile app that brings exclusive offers from the best outlets across categories ranging from Food & Beverage, Health & Wellness, Entertainment via a subscription model for end users. It has emerged as an innovative way for brands to acquire new users and convert them to loyal customers while also providing real time tracking, one touch access to customer data, analytics and KYC
Founded in 2013, LetsVenture enables startups and investors to discover and connect with each other. There are 12000+ startups and 2000+ investors on the platform. Once a startup has verbal commitments from investors, we help them in the funding closure process through our Commitment-to-Closure package. The package takes care of closure of term sheet & shareholders agreement, and complete legal & financial due diligence. LetsVenture has enabled more than 85 startups to raise over $35mn.