Bangalore based event ticketing platform, Explara, has raised $486K( INR 3.2 Cr) in pre-series A funding round led by Hyderabad Angels, and including participation from businessman Ness Wadia, Singapore Angel Network and Hyderabad Angels.\r\n\r\nExisting investors Blume Ventures, Krishna Lakamsani and Rajan Anandan also participated in this round. The funds will be used to roll out a movie ticketing platform next month.\r\n\r\nAs part of the funding, Krishna Lakamsani, an investor with Hyderabad Angels and P S Sreekanth, Investment Director at Hyderabad Angels, will join Explara\u2019s Board as Director and Observer, respectively.\r\n\r\nKrishna Lakamsani, who led the investment at Hyderabad Angels stated, \u201c Explara has great potential for growth in the city experiences markets.\u201d\r\n\r\nExplara sells tickets in event categories such as sports, travel and food, and has tied up with about 30 single theatres and multiplexes in Maharashtra and Gujarat. It will roll out the movie ticketing service next month, in which it will face direct competition from \u00a0BookMyShow.\r\n\r\nCurrently, it has more than 10,000 suppliers on board, with access to inventory for various events and activities, in multiple cities. Explara has also expanded its platform to serve outdoor activities, and the F&B industry. To further enable the marketplace on the consumer side, Explara has recently launched the \u2018City Experiences discovery\u2019 mobile app for Android & iOS.\r\n\r\nSantosh Panda, founder and CEO stated, \u201cWe have integrated the movie ticketing platform with Ola and Paytm to create an experience around it. For other events, we are exploring distribution partnerships with travel sites for location-specific recommendation and other institution partners."\r\n\r\nThe startup founded in 2009, handles about 1,000 transactions a day and expects to clock revenues of $7.6 Mn ( INR 50 Cr) for FY 2015-16. The platform has done close to 10,000 events in FY 15 with about 4000 events in the month of September alone. For FY 16, it aims to hit around 50,000 events this year.\r\n\r\nIn April this year, it acquired event ticketing platform for performing arts IndianStage for an undisclosed amount, adding more cities with access to the theatre and entertainment segments.\r\n\r\n\r\nWelcome to Flash Feed, your essential source for breaking news and innovation from around the web - bite-sized and updated all day.