Bangalore based event platform Explara has acquired events ticketing company IndianStage.in for an undisclosed cash and equity deal. Post acquisition, IndianStage founders Baskar Ethirajan and Sajesh Nair will join the Explara management team. Explara mentioned that it was looking at other ticketing players before it settled on IndianStage. IndianStage will continue sales and business development for Explara going forward, as Explara will take advantage of IndianStage’s foothold in the entertainment segment. The company said that this acquisition will further its personalised discovery and discovery based platform. Both of these product features will gain structured data from the entertainment segment. Explara added that IndianStage users would be transitioned to Explara steadily and this move will strengthen both Explara as well as IndianStage’s growth by adding wider verticals on the platform. Last month, Explara introduced a discovery solution which let users follow topics of their interest, location and their social connections. Users could personalize by following topics of their interest such as Startup, Marathon, Comedy, Professional Networking, Hiking, Software and among 100 others. In June last year, Explara, which was previously known as Ayojak.com (organiser in Hindi), went international by inking local partnership deals in five countries including Philippines, Singapore, Hong Kong, UK & USA to extend its platform to these countries. It also opened up its platform for event organizers across the rest of the world. Then, it claimed to support 23 currencies and would facilitate direct payment processing in countries through local partners and Paypal. These deals put Explara in competition…
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