Tosshead raises 3M funds to expand its business
Tosshead has announced its 3 million funds raise from NRI’s based out of the US. The company currently offers services in Bangalore and will be using this round of funding for expansion to other metropolitan and major Indian cities including Delhi, Mumbai, Chennai and Hyderabad in a span of 6 to 12 months. Part of the fund will also be used to scale up its technology offering.
The company has also partnered with India’s largest hotel booking platform Oyo for Banquet hall bookings, so customers can now choose to book banquet hall for their events through the platform. With these new developments, the company strives to raise the benchmark in the event management industry.
Tosshead as an Event Management solutions company, offering a 3 click solution to book all event management related requirements online from a plethora of event packages and equipment with transparent pricing and instant booking confirmation. Apart from equipment, Tosshead’s services bouquet includes the hiring of Sound, Stage, Lights, LED Display, photography, videography, anchoring/emceeing, DJ, and manpower solution. The company renders services currently in Bangalore.
Shank K Vasudev, Founder, Tosshead, says, “As reported by EY-EEMA (Event and Entertainment Management Association), the Events industry in India is expected to surpass the ten thousand crore mark by 2020-21. In our aim to move the industry from the unorganized to the organized sector, we would like to user in the next level of growth for Event Management companies. Tosshead is positioned as a commoditized Event Management booking platform that offers a range of possibilities while providing the simplicity of choosing events and equipment at the click of a button.”