College Event Ticketing Startup Raises $250,000 funding
TheCollegeFever (TCF), a college event ticket booking startup raised a seed funding worth $250,000 (Rs 1.7 crore) from Mumbai-based investment firm 11.2 Advisors.
It is the first time that TheCollegeFever is raising funds from external resources and intends on using the capital for customer acquisition and improving technology, its founder Kushal Aralihalli said.
The Bengaluru-based company, which is run by Culturo Technology Pvt. Ltd, works in partnership with 2,000 colleges and has sold over 4 lakhs tickets in over 6,000 events amounting to Rs 10 crore, its Aralihalli added.
Kushal Aralihalli founded the event ticket startup in 2016 and managed to double its growth since last year.
TheCollegeFever operates in a market segment that makes it compete directly with giants BookMyS...