Innolabz Acquires Consiglieri To Enter Into Event-Tech Domain
With a tech driven approach this merger will prove to be a win-win situation for both the companies involved.
Innolabz Ventures, a Tech, Research and Strategic Consultation company has acquired Consiglieri, an Experience Marketing and Sports Consultancy. The announcement about this acquisition came in from CEO, Saurabh Chaturvedi on 27th February 2021, confirmed by Arjun Chopra, founder of Consiglieri. According to the sources, the deal was closed on 21st February 2021, on an acqui-hired model against equity, with a deal size being worth $1 Million.
This acquisition will be a great expansion opportunity for Innolabz into the Events and Sports Marketing domain. With a tech driven approach this merger will prove to be a win-win situation for both the parties involved. This acquisition will also enable Innolabz Ventures to broaden its client base
Innolabz Ventures is building an ecosystem for start-ups and companies, leveraging its one-stop solution approach. They have extensively sponsored tech events during 2017-18
With this acquisition, now they have also added event-tech as a solution to their bucket. Being a four year old company, and completely self-funded, it is a great milestone for Innolabz.
Arjun Chopra has over 22 years of experience working experience with organisations like IMG, Ogilvy, Bellset Entertainment etc. Consiglieri is a new age Communication company working with corporate and Blue Chip clients across the globe.
Officials at Innolabz feel it’s time to step into the Events Industry along with their on-going innovative projects and ideas.
Saurabh Chaturvedi, CEO of Innolabz said, “Lockdown gave us a lot of time for introspection and we utilised it to design the future roadmap, and after investing in
agri-supply chain and hospitality, tapping into Event industry will strengthen our position in Startup Ecosystem and we are looking forward to bigger announcements in the coming months.”
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