LocalOye launches venue booking and discovery service in Mumbai

Commerce engine for events industry, LocalOye has launched venue booking and discovery service in Mumbai. The service will help users to find venues for events including team outings, weddings, corporate meetings and parties etc.
  
The   company claims that the commerce engine    takes    into    account    exhaustive    meta-data    like    pricing    fluctuations,    locality    preferences,    amenities    and    catering    specialties to    suggest    venues.

Presently, the startup claims to be working with 400+ venues, out of which 250+ are in the hospitality sector including bigwigs like Trident Hotel, Sofitel, and Orchid Hotel etc.

    
  
“Currently, venues  work  on less than 50% occupancy rates, even during    peak    months. LocalOye helps improve this via relevant leads and efficient  inventory management. We are already working with  300+  venues  in  Mumbai and a conversion rate of  67% for venue seekers,” said  Founder  and  CEO,  Aditya Rao.  

LocalOye is also building SaaS solutions for venues to manage incoming leads and build business analytic dashboards.     
  
Founder and CTO, Anupam Tulsyan said that,  “The  events industry is  very fragmented; and our data sciences    team    is    excited    to    expand    our  algorithms  and  models  in  the  coming  days  to   better  use  that  meta  data. The  team  is  passionate    about    Local    Commerce and believes that such a  big problem    can    only    be    solved    piece-­â€źby-­â€źpiece; not by horizontal  Classifieds and  Review Sites."

Talking about their future plans, Aditya added, “We will soon finish building our B2B tools for venues like inventory management, business analytics and CMS for managing online presence. We are also running a few experiments to figure out if expanding into ancillary services like DJs, Decorators, and Caterers etc. is a viable business model.”

Share this:
Tags:

About Jessica Priston

Ut tellus dolor, dapibus eget, elementum vel, cursus eleifend, elit. Aenean auctor wisi et urna. Aliquam erat volutpat. Duis ac turpis. Integer rutrum ante eu lacus. Vestibulum libero nisl, porta vel, scelerisque eget, malesuada at, neque. Vivamus eget nibh. Etiam cursus leo vel metus. Nulla facilisi. Aenean nec eros.

  • Website
  • Google+
  • Rss
  • Pinterest
  • Instagram
  • LinkedIn
  • Vimeo
  • Youtube
  • Flickr
  • Email

Related News

  • Cashback site Cashkaro now offers restaurant discounts

    India’s e-commerce market looks large and lucrative enough from the outside, but insiders know it is very challenging. In fact, the number of e-commerce sites and businesses is growing so fast here today that the competition is cut-throat. This

  • What is Viscose Material? Advantage and disadvantage of viscose.

    Viscose is a unique form of wood cellulose acetate used in the nnmanufacture of a number of different products. This includes items for nnthe medical industry, though it is perhaps most common as a major nningredient in the production of the fabric r

  • Honda launches new CBR 250R bike
    Honda launches new CBR 250R bike
    July 01, 2014 5:50 am

    New Delhi: Honda Motorcycle & Scooter India (HMSI) launched a new edition of its global sports performance bike CBR 250R priced between Rs 1.56 lakh and Rs 1.86 lakh (ex-showroom Delhi). The 2013 edition CBR 250R is available for sale across a

  • Zara has opened store at Ambience mall, Gurgaon

    Zara, has opened its new store at Ambience mall, Gurgaon. Spread over 28,000 sq.ft. across two floors the store has taken the space earlier occupied by Debenhams. With this Zara now has twelve stores in India. It is present in 86 countries with