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Events ticketing platform Explara raises funding led by Hyderabad Angels

Explara, the Bangalore based event platform has raised an undisclosed amount of funding (with convertible debt) led by Hyderabad Angels, Ness Wadia and Singapore Angel Network, with participation from existing investors Blume Ventures, Krishna Lakamsani, and Rajan Anandan. Krishna Lakamsani and P S Sreekanth from Hyderabad Angels will join Explara’s Board as director and observer, respectively. Explara has integrated its city experience marketplace with personalised recommendations based on interest topics, location and social graphs, as well as launched ‘City Experiences discovery’ apps on Android and iOS. The marketplace will offer movie ticketing as well. As of now, Explara claims to have over 10,000 suppliers on board, and access to event and activity inventory in multiple cities. It has expanded its offerings to serve outdoor activities and the food & beverage industry, according to its press statement. IndianStage acquisition: In April, the company acquired events ticketing company IndianStage for an undisclosed cash and equity deal. Post acquisition, IndianStage founders Baskar Ethirajan and Sajesh Nair joined the Explara management team. The company said then that IndianStage would continue sales and business development for Explara going forward, as Explara would take advantage of IndianStage’s foothold in the entertainment segment. Interest discovery: In March, 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. International expansion: In June last year, Explara, which was previously known as Ayojak.com…

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I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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