Bookme Tickets Limited is a leading Pakistani e-ticketing platform for transport and entertainment. Recently the e-ticketing platform announced that it has closed a Pre-Series A funding round for expansion in Pakistan.
The funding was led by venture capital firm Lakson Investments Venture Capital (LIVC), a technology-focused Pre-Series A VC fund that is regulated by the Securities and Exchange Commission of Pakistan (SECP).
LIVC is known for its invests in entrepreneurs and local businesses to build enterprises, taking innovative ideas to the next stage. Currently, over 1400 people are employed by Lakson in Pakistan in businesses across sectors such as broadcast and print media, FMCG, insurance, QSR, and Technology.
Bookme is known for its partnerships with commuter bus operators, cinema houses and event organizers to digitize their seat maps, ticketing and cash collections. Bookme is known for creating convenience and efficiency for end-users with the ability to instantly purchase tickets from their mobile phones.
Faizan Aslam, who has worked his reputation of being one of the most steadfast entrepreneurs in recent years. Speaking on the occasion Faizan Aslam, Bookme Founder and CEO said,
“The capital raise will accelerate our scaling across Pakistan and facilitate the enhancement of our platform as a trusted market leader by customers, operators and payment partners. We’re excited to get LIVC’s investment in the largest e-ticketing funding round in Pakistan.”
Bookme provides a completely cashless ecommerce service and has platforms such as JazzCash, EasyPaisa, HBL, Alfalah, Allied Bank and FonePay integrated within it.
Faisal Aftab, LIVC Managing partner, speaking on the occasion said,
“We anticipate that digital payment systems and smart phone adoption will be the underlying drivers of technology growth in the next five years. Bookme’s growth trajectory is well positioned to mimic the digital adoption curve in Pakistan due to its well-seeded platform and lead in API integrations with payments systems.”
Furthermore, as part of the investment, Faisal Aftab, LIVC CEO Babar Lakhani and Khurram Samad are to join as Board of Directors for Bookme.