lightspeed Archives - °µĶų³Ō¹Ļ News /tag/lightspeed/ Data-driven reporting on private markets, startups, founders, and investors Tue, 30 Jul 2019 18:57:35 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.12 /wp-content/uploads/cb_news_favicon-150x150.png lightspeed Archives - °µĶų³Ō¹Ļ News /tag/lightspeed/ 32 32 Y-Combinator Backed MyScoot Reportedly Raises $1.7M For Verified House Party Guests /venture/y-combinator-backed-myscoot-reportedly-raises-1-7m-for-verified-house-party-guests/ Tue, 30 Jul 2019 18:38:00 +0000 http://news.crunchbase.com/?p=19733 Your friends might not appreciate your themed dinner party or your carefully crafted cheese board, but a stranger who pays to hang out with you might.

Sound a little odd? Well, apparently not.

Subscribe to the °µĶų³Ō¹Ļ Daily

Ā  (and reports by and ) Delhi-based raised $1.7 million in seed funding so we can all meet ā€œverifiedā€ new friends through theme-based house parties in Delhi, Gurgaon, and Bangalore.

The seed round included investors like , and .1 , chief strategy officer at also participated in the round, . The startup also previously was in .

From classic dinners to salsa parties to rooftop bonfires, the website offers an array of social gatherings with open doors. At least, for those that will pay.

A neon glow house party, for example, is aboutĀ  ₹750, or $11 dollars per person to attend. In the advertisement for the party, a recommended age range is also set. The aforementioned party, for example, is . Think of it as a party, but with profit. The average host profit is ₹3,700, or about $54 dollars.

The concept is catching on. In a blog post on the site, company founders wrote that they have helped more than 2,500 strangers meet someone new. ā€œPeople have made friends in the new city they moved to, found their next coffee dates, got jobs, business partners and met new people with same interests,ā€ the website reads.

I don’t know who the main competitors would be, other than, say a bar during happy hour. The startup wants to offer a place that makes meeting new people fun and safe, ā€œwithout burning a hole in the pocket,ā€ .

Some say it’s the . I would go more with the for friends. Maybe, the for Friday night plans? On its website, MyScoot promises it with a ā€œ5 step verification process to make sure you attend fun, creep free parties.ā€ It claims its 150 parties so far have all gone on without ā€œa single mishap.ā€

All of a sudden, paying for a party that promises to be creep-free doesn’t seem so odd after all.

Illustration: .


  1. Disclosure: Mayfield Fund is an investor in °µĶų³Ō¹Ļ, the parent company of °µĶų³Ō¹Ļ News. °µĶų³Ō¹Ļ’s investors are listed as part of its . For more about °µĶų³Ō¹Ļ News’s editorial policies on disclosure, see the News team’s About page.↩

]]>
/wp-content/uploads/2019/06/image.png