By February 13, 2013 Read More →

Ayojak raises funding from Blume Ventures, angels

Pune-based Signure Technologies, which owns events listings and ticketing platform Ayojak, has raised an undisclosed amount in as part of an angel funding round from Blume Ventures, HBS Alumni Angels, Srijan Capital and a group of angels including Rajan Anandan and Ravi Gururaj. The stage of funding has not been disclosed. The company has been bootstrapped so far. Gururaj joins the Ayojak board post investment.

The funds raised will be used to launch new products in segments such as training and education, seminars, workshops, lifestyle activities, last-minute tickets, adventure trips and social activities. Part of the proceeds will go into developing solutions for last-mile services such as entry management and box office. “We are seeing significant growth with over 425 events in the third quarter of FY 2012 versus 381 events in the all of FY 2010-11. Sports was the fastest growing event category while business and education topped the chart,” Ayojak founder and CEO Santosh Panda said in a press release.

Panda, a software engineer formerly with eBay and BBC Broadcast, founded the company in 2007. Event organizers can list events on the platform free of charge. The company charges a percentage of ticket sales as commission. It currently has office in Pune, Mumbai, Bangalore and Delhi.

The company’s competitors in India include Hyderabad-based Versant Online Solutions, which owns Meraevents, and Chennai-based Tenmiles Corp’s Doattend platform.

Image credit: Ayojak

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