Event ticketing platform Explara has raised Rs 3.2 crore from businessman Ness Wadia, Singapore Angels and Hyderabad Angels.
With this investment, the Blume Ventures-backed startup, which sells tickets in event categories such as sports, travel and food, will also be selling movie tickets now. It has tied up with about 30 single theatres and multiplexes in Maharashtra and Gujarat. It will launch its movie ticketing service next month, competing with market leader BookMyShow.
Commenting on the fund raise, Santish Panda, Founder and CEO of Explara said, “We have integrated the movie ticketing platform with Ola and Paytm to create an experience around it. For other events, we are exploring distribution partnerships with travel sites for location-specific recommendation, and other institution partners.”
Explara, founded in 2009, processes about 1,000 transactions a day and expects revenue of Rs 50 crore for financial year 2015-16. Earlier this year, it had acquired Bengaluru-based ticketing platform for performing arts, IndianStage.Category Investments News