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Last updated on April 18, 2014 at 17:24 EDT

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

February 14, 2013

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

Ayojak.com offers a cloud hosted online suite of event solutions platform offering
four pillars of services such as event ticketing/registration software(for ticketing,
conference, RSVP, charity), payment processing (online, retail, cash-on-delivery), event
marketing and logistics. Since 2009, Ayojak.com has been powering 1000s of events pan
India including large scale events such as Live in Concerts, World Series Hockey, Patna
Marathon, Joy Run, India Resort Fashion Week and many more. Ayojak.com is a product of
Signure Technologies Private Limited, an Indian company having operations in Pune, Mumbai,
Bangalore, and Delhi.

        For further information please contact:
        Santosh Panda
        CEO
        http://www.ayojak.com (Signure Technologies Private Limited)
        Tel: +91-969-961-1666
        Email: santosh@ayojak.com

SOURCE Signure Technologies Private Limited (Ayojak)


Source: PR Newswire