Events High, an online marketplace for events and activities, has announced that it has raised its seed round of funding from Axilor Ventures. The company is planning to use the funding to expand its organiser base and further customise user experience on its platform.
Commenting on the funding round, Kris Gopalakrishnan, Chairman, Axilor Ventures said,
The fascinating thing about event marketplaces is that these are transitioning into communities and thriving ecosystems. Events High is unique as it is more than a listing platform. Being deep tech enabled, it has the potential to change the way events are consumed by users.
Abhishek Shrivastava has recently joined the team and will be heading Products vertical at Events High. He moved to India from Google Mountain View. With Abhishek joining as a co-founder, the company now has a team of 4 co-founders — Nikesh Garera, Arvind Batra, Parag Sarda and Abhishek Shrivastava. The company has a team of total 22 members.
Nikesh Garera, co-founder and CEO of Events High, said:
Customers value engagement & unique experiences and Events High is committed to curate these experiences and make them known. We currently have 3000 verified listings per city per month with 30% of this supply directly bookable on the Events High platform.
We have a large base of monthly active users that has grown by 3x over the last 6 months. With Axilor’s backing we will deepen interest and location based targeting that will allow organisers to fill in supply gaps. I am pleased to welcome Abhishek, cofounder and head of Product who will help enhance the platform with his experience.
The Bangalore-based startup was launched in the year 2014 and claims to have crossed 500,000 monthly unique visitors this month. Events High has integrated more than 3500 organisers in Bangalore alone and is now expanding its supplier acquisition efforts in Chennai, Delhi, and Mumbai. Apart from the web platform, the company is also ramping up mobile presence. It claims to have crossed more than 200,000 app downloads so far.
In this space, Events High will be competing against some of the established players in the market, including MeraEvents, BookEventz, and BookMyShow among others.
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