Touchwood all set to remain on growth path, gets funding for its two new tech-enabled ventures

Touchwood Entertainment Limited (NSE; TOUCHWOOD), India’s leading event management company, announced a fresh round of funding for its two new tech ventures; MakeMeUp and WedAdvisor. In the meeting of Board of Directors held on August 6, 2021, the Board discussed, deliberated and took on record the induction of new investors. The two ventures, MakeMeUp and WedAdvisor, mark the group’s entry into the technology domain. MakeMeUp is India’s first one-stop solution for getting the best beauty products, booking salon and makeup services in real-time, and hiring the best make-up artist with just a click on your phone. On the other hand, Wed Advisor aims to streamline the disorganized wedding market by connecting vendors (located anywhere in India) to customers. It allows vendors to showcase their offerings and boost their reach. For customers, it is a one-stop solution, where they get all wedding related services on one app. According to Mr. Manjit Singh, Managing Director of the Company ‘ The consumers today are a lot more tech-savvy and are used to buying services off their mobile. What we offer to consumers is unique and no other platform offers all these services in one app.’ The new investors bring not just fresh capital, but they have the expertise and experience to act as mentors to these new ventures. (List of the new investors and their brief profile is attached with this press release).