Veteran Singer SP Balu to Mentor Hyderabad Based Startup Jilmore Live Singer Booking Online Platform Launched; Raises Rs. 50 Lakhs Seed Fund

Top Quote Hyderabad based Yuktha Entertainment Services launched India's first live singer, anchor, emcee etc booking platform JilMore (Website and Mobile App) for all categories of performing artists. End Quote
  • (1888PressRelease) December 29, 2015 - Veteran singer Sri SP Balu has also joined hands with the startup as a mentor and brand ambassador. The startup raised Rs. 50 lakh seed fund ,It plans to raise $1million in pre series A funding.

    People who are looking for entertainment services for any corporate event, personal or family parties like birthday, anniversary, engagement etc can find their choice of Singers, Anchors, Emcees, Celebrities, Artists, Makeup artists, Dancers, Musicians, Magicians, all types of bands, DJs, VJs, and many more online.

    Overwhelmed with stalwart SP Balu's mentoring Saradhi Babu Rasala, Founder & CEO of JilMore said, "I have no words to express my gratitude to Sri S P Balu Garu. I am honored and feel blessed that he has accepted the concept of JilMore and is associated as brand ambassador and equity holder."

    Entertaining audiences with his soulful voice for more than 50 years, Sri SP Balu was equally excited to be a part of JilMore, he expressed, "I have seen a lot of talented singers and looking at them, I had only one question how can I help their talent to flourish? Couple of months back, Mr. Saradhi Babu and team met at my house in Chennai and briefed me about JilMore's concept. I was happy and immediately agreed to be a part of this social Entrepreneurship startup. I am sure this startup will help all (People who need platform to showcase their talent and who are looking for performers)."

    JilMore works in a simple way. The app can be downloaded from Google play store at free of cost. Customers can browse, see artist profiles, and invite to perform in their event on a particular date, place and time. Once the invitation accepted by artist, customer can pay online and book immediately, which is hassle free. Literally no organized conventional method exists in this service segment currently.

    Talking briefly about the business potential for JilMore in Hyderabad, Saradhi Babu Rasala, Founder & CEO of JilMore said, "Hyderabad local market research and analysis by my own team has shown that banquet and marriage halls in AP& Telangana States are around 10,000+ with 60% of occupancy. Out of which 50% customers prefer an Entertainer at cost starting 10,000/- onwards to make their event more colorful and memorable. We estimate INR 10 billion market potential alone in AP and Telangana.Corporate, Schools, Colleges are additional."

    Beta version of JilMore has generated good response from audiences. Till now 120+ artists have enrolled themselves, which includes names like Rashmi(Jabardasth), Nandu( Hero), shiv( RJ) and many more. The startup is targeting to grab 2% of market in first year and 10% in next three years. The company also has plans to expand in the states of Karnataka and Tamilnadu.

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