Consumer Internet – India

M-Ticketing, a lot has been happening in this space. Here are some companies operating in this space in India.

ConvergeLabs
Funding $11 million
Key Investors: Walden International, Anthellion Capital, Global Catalyst Partners, Dot Edu Ventures, GVFL M-Ticket, ConvergeLabs’ leading application, allows mobile users to buy tickets from their phones. Instead of standing in long lines, concert and theatergoers get a special barcode on the screen of their phone, which they swipe over a scanner at the event to gain entry. –Source: RedHerring

Then there’s Moveo:

Moveo

Seed Funding $1 million

E-ticketing will soon be passé. M-ticketing is going to be the rage. M-ticketing (tickets on the mobile) is one of the applications that Moveo, the latest Indian start-up in mobile applications is coming up with. –Itwire

PVR Plans to roll out m-ticket

Indian Airlines, Spice, Indian Railways and others are coming up with m-ticketing.

Despite all this buzz about m-ticketing TicketPro (MNC having prensence in many countries) has recently started operations in India under the name of MovieTell (The reason I liked this particular site is that they have a cool Ajax based interface unlike ugly TicketCounterIndia). Why?

Because there still remains a lot of potential in just the movie e-ticketing space. The shear volumes of movie tickets sold in India make it possible.

Even at a pessimistic estimate of just 30 percent of the showcased numbers, it’s possible to sell Rs.1 billion worth of movie tickets through online sales.”
–IMAI

And if still somebody is not convinced with the figures have a look at these Google trends:

Top cities searching for “online movie tickets” around the world:
1. Hyderabad, India
2. Chennai, India
3. Bangalore, India
4. Mumbai, India
5. New Delhi, India
6. Delhi, India
7. Raleigh, NC, USA
8. Reston, VA, USA
9. Calgary, Canada
10. Denver, CO, USA

Indian cities top the charts.

The reason is simple not all multiplexes or cinemas have the infrastructure and volumes to host their own e-ticketing systems as PVR and famecinema have. There is HUGE potential for any web site trying to bring all of them under one hood. A concept similar to Fandango.

This is just the beginning, there still is huge potential here, probably more than m-ticketing which initially would be limited to big players!

Definitely a win-win situation for small Cinema Owners and the consumers.

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