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Ratan Tata purchases stake in online ticketing company Kyazoonga
MUMBAI: Ratan Tata has purchased a stake in Kyazoonga, an Indian online ticketing company which has its own intellectual property, ticketing technology and platform.
Speaking about the investment, Kyazoonga co-founder and CEO Neetu Bhatia said, “We are delighted to have Ratan Tata on board. As we scale Kyazoonga into a global enterprise, it is glad to know that he shares in the excitement of our mission.”
“We continue to focus our efforts on the large potential for paid access that India represents and pushing the envelope on significant global opportunities. Personally, as a lifelong fan of his work which has included building several Tata companies into global majors, and as someone whose early world view of business was shaped by interactions with the Tata Group, Bombay House and his office, it is an honor and a privilege to get his validation for our team, product and market,” she added.
In addition to creating and growing the ticketing market in India, Kyazoonga has done ticketing for major international events including the ICC Cricket World Cup in three countries, the FIFA World Cup Qualifiers, SAFF Cup, bilateral international cricket matches and domestic tournaments such as the Indian Premier League and the Pro Kabaddi League, Nehru Cup and others.
Very recently, Kyazoonga was adjudged a close runner up in the ticketing bid for the Rio 2016 Olympics beating global ticketing majors to reach that position.
Kyazoonga also runs ticketing operations around the world – in the UAE, USA and the Caribbean. It tickets major tournaments such as the Caribbean Premier League and the Pakistan Super League.