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Online event solutions platform Explara acquires events ticketing firm IndiaStage.in

Explara has reportedly acquired events
ticketing company IndianStage.in. The acquisition will help the Bengaluru-based
firm tap the entertainment market.

Explara has reportedly acquired events
ticketing company IndianStage.in. The acquisition will help the Bengaluru-based
firm tap the entertainment market.

According to a Economic Times report, the
deal is a mix of cash and equity. Explara founder and chief executive Santosh Panda
said in the report that IndianStage.in has been an early entrant to the event
ticketing space and embodies the same passion for offering simplified solutions
to small and medium event organisers. 

The founders of IndianStage, Baskar
Ethirajan and Sajesh Nair, will now join Explara’s management team. “They
(Ethirajan and Nair) have strong connections in the entertainment industry. We
are super excited to have them onboard,” Panda told the Economic Times.”With
this acquisition, we expect a multifold growth in demand on both supply side
and amongst con sumers over next 24 months.” 

Founded in 2008, IndianStage.in has
ticketed for over 12,000 events in 21 cities across India and abroad and
serving over 5,00,000 consumers.

Events mainly include live concerts and
programmes related to arts, theatre and standup comedy. Nair told the Economic Times
that they looked at various ticketing players but Explara was a natural choice
because of the “cultural fit, multi-vertical presence and entrepreneurial
approach to running the business.”

In February, online ticketing firm
BookMyShow acquired Eventifier for about Rs. 12 crore as the Mumbai-based
company looks to expand across the entertainment value chain. 

 

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