Buran Venture Capital sold portfolio company Ponominalu.ru to MTS

March 30, 2018 2:49 pm

February 5, 2018 — Buran Venture Capital (www.buranvc.com) sold ponominalu.ru (www.ponominalu.ru), the leading online ticket service in Russia, it was announced in the fund press release. MTS Group acquired 78.2% of the company, share estimation is 495 million rubles.

Currently monthly audience of ponominalu.ru service is about 1.5 million users, who annually buy tickets to more than 5 thousand different events: shows and concerts, theaters, festivals and exhibitions, sports and children’s entertainment events. The company also provides IT platform for event organizers that simplifies ticket stock management and provides online marketing tools to attract new audiences to their events.

Mikhail Minin, Founder and CEO of ponominalu.ru commented on the deal: “We are glad to be part of the MTS Group, the market leader in mobile and Internet communications. Ponominalu.ru is already the leader of the concert market in Moscow and has one of the most powerful technological solutions in the entertainment market. We appreciate our strategic partnership with the MTS Group, which will allow to consolidate company’s leadership in Moscow, to gain federal scope and to offer additional digital services to MTS users. “

Alexander Konoplyasty, Managing partner of Buran Venture Capital said: “Russian market of entertainment tickets is one of the largest in Eastern Europe. Despite significant competition in the ticket market and difficult macroeconomic situation, Mikhail has managed to create one of the leading players with a strong technology platform and to offer high-quality product to users in just a few years with small investments. We are proud of Mikhail and ponominalu.ru team for their outstanding work over the years and wish them luck in the future”.

About ponominalu.ru:

Ponominalu.ru is Russian IT-platform for online tickets to entertainment events. Over the past 5 years of constant growth, the company has become one of the leading players in the Russian market of tickets to entertainment events and tickets to concerts. The company has 3.5 thousand contracts with organizers all over Russia.

About Buran Venture Capital:

Buran Venture Capital is venture fund founded in 2012 with a focus on IT companies in Eastern Europe, Finland, Turkey, the CIS and Israel. Target sectors are services in e-commerce (marketplaces), mobile apps, SaaS (software-as-service) and IoT (internet of things) solutions.