Ayojak.com Secures Funding From HBS Alumni Angels, Blume Ventures, And Srijan Capital - New Funds Will Be Deployed To Launch New Product Lines Targeting Wider Range Of Events And Activities
PUNE, India, February 14, 2013 /PRNewswire/ --
"Ayojak.com, India's leading ticketing & event management solutions company has received funding from notable technology investors to further expand its reach to new segments."
The funding was closed recently, but is announced officially today. The new investors in Ayojak.com include active angel investors Rajan Anandan, Ravi Gururaj & others from HBS Alumni Angels, Blume Ventures, Srijan Capital and Kishore Warrier. Ravi Gururaj is joining the board of Directors of ayojak.com.
The majority of the investment will be used to launch new products to serve segments such as training & educational institutions, seminars, workshops, lifestyle activities, last minute tickets, adventurous trips and social activities. Also, part of the investment will go towards providing solutions for last-mile services such as entry management and Box-Office.Santosh Panda, CEO & founder of ayojak.com said, "There are many high-quality events & activities which are difficult to find & book; ayojak.com is changing this! With its largest network reach to several 1000 happenings every month, ayojak.com will provide an easy way to explore and book". He added further, "We are having significant growth with 425+ events in Q3 FY 2012 vs 381 events in the entire FY 2010-11; with 'sports' being the fastest growing event category while 'business & education' topped the chart. I am excited to have Ravi Gururaj join the board and Rajan Anandan as an advisor. We believe, with support from tech superstar angel investors and their unparalleled expertise will help ayojak.com to have a great growth trajectory both in terms of business and disruptive product lines." Commenting on the investment, HBS Alumni Angel investor Ravi Gururaj , who will assume a board seat at ayojak.com said, "The ticketing & registration industry is growing exponentially worldwide. Ayojak.com is demonstrating healthy growth on all fronts - number of events, product lines and financial performance. Ayojak.com is working on several very interesting forward looking customer-friendly concepts, delivering using a SaaS/Cloud model with easy-to-customize modules which help give Ayojak.com a powerful differentiator in market. This is one of the largest industries in India and there is a huge opportunity to serve small and medium businesses using efficient technology and at large scale for their event organizing needs. I like ayojak.com due to its consistent and non-stop focus on building a solution platform that addresses this fragmented event industry. Its ticketing, registrations and last-mile solutions are user friendly, popular with users and extremely efficient. I am very excited to join the ayojak.com board and work with this very talented team." About Ayojak.com
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