Mazkara Internet acquires BazingaLabs : Increases Focus on Product Innovation
Mazkara Internet, a consumer internet company, based out of Pune, recently announced its acquisition of a Mumbai-based startup BazingaLabs, as it increases focus on mobile technology. This move displays its commitment towards innovation and technology.
BazingaLabs, founded by Kakshil Shah, has its core expertise in developing cutting-edge mobile technology. They developed Skedule, a mobile application that had a similar business model as Fabogo. In the past, Bazinga has partnered with leading start-ups for developing their mobile products starting with ideation, design, backend & frontend development and even growth hacking.
Mazkara Internet was founded by Prasanjeet Roy and Mohammad Ali in 2015. Fabogo, the flagship product of Mazkara Internet which recently secured a third round of funding of $ 2.25 million from Dubai based micro PE investors, Dunamis Ventures, is committed to spend 40% of the portion on technology. This is the first step towards reaching this goal.
BazingaLabs has worked directly with Mazkara Internet, building products and improvising technology. The formal acquisition took place a short time ago in 2017. The deal is part equity, part cash.
Prasanjeet Roy, CEO and Co-founder of Mazkara Internet said, “We have a solid business model in place and our expertise lies in web technology. However, with launching transactions on our flagship product Fabogo, the need of the hour was focusing on mobile technology. With Kakshil & team onboard, we are confident of taking Mazkara Internet to the next level.”
Kakshil Shah, Founder of Bazinga Labs said,“The acquisition came very naturally, as we were already working closely with Mazkara Internet for almost a year. Our technical skills and their business expertise harmonise perfectly with each other”.
Mazkara Internet aims to simplify people’s lives one product at a time.
