The Russian p2p ticket marketplace Eticket4 has agreed a $1 million investment deal with a group of individual investors, including David Izraelov and other unnamed business angels. The capital injection will be made in several stages based on a $2.8 million company valuation, reports VC.RU.
Earlier this year, in July, the startup sold 13% of its stock to Hong Kong-based GTSystem International in exchange for a $325,000 capital injection. At that time, the project was estimated at $2.5 million.
In September, the startup received an undisclosed amount in a non-equity deal from Sergey Dashkov’s Adboost.tech. Dashkov, an accomplished Russian businessman (Akhmad Tea, Double-B), is one of the most prolific business angels in Russia.
Founded in 2016, the company claims 108,000 users as of November 2019, up from 90,000 in July. It expects to generate this year more than 200 million in turnover and 70 million rubles in revenues (around $3.1 million and $1.1 million, respectively). Last year the company achieved 3.3 million rubles (around $50,000) in profit, reports VC.RU.
The e-ticketing scene in Russia has seen a lot of activity recently. In June, Russian Internet giant Yandex acquired the exclusive rights to the TicketSteam e-ticketing system and its rival Mail.Ru Group acquired a minority stake in Ticketing Platform. In July 2018, TCS Group Holding, a major provider of online retail financial services in Russia known as Tinkoff, acquired a stake in leading ticket sales company Kassir.ru.
