MeraEvents Raises $1 Mn In Funding From OMICS International

Event listing, promotion and ticketing platform Meravents has raised $1 Mn USD OMICS International.

Launched back in 2009, Meraevents connects the organizers, delegates, and service providers from across the country. It offers event organisers with numerous options like listing, promotions, online ticketing, etc.

“This capital gives us additional resources to expand quickly and strategically into new markets, innovate rapidly, and deliver on our vision. It also helps us to raise four million USD more, which is likely to be sealed in the next six months to take MeraEvents to the next level.” says Chennapa Naidu Darapaneni, Founder & CEO of MeraEvents. Partnering with OMICS International is an additional value to the company and it gives us the Global reach and utilizing the technology of us for the 300 Scientific and Medical conferences planned by OMICS International during the year, added Naidu Darapaneni.

MeraEvents will use the funding to continue expanding its reach to other cities, accelerate product growth and innovation and invest in additional sales and marketing resources.

In a previous conversation with Inc42, Naidu told that platform adds over 1000-1500 events per month across various categories including Professional, Entertainment, Sports, Training, Spiritual, Campus, Trade Shows, etc. It is Selling over 100-150 tickets, that garners ticket sales of around 3-4 lakhs a day.

The platform is targeting to reach a 300% increase and thereby garner a ticket sales of around 200 Cr in 2017.

Related: We Are Closely Selling 1 Cr Worth Tickets Per Month, Naidu Darapaneni, CEO, MeraEvents.Com

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