Quicket, a South African online ticketing technology startup has raised an undisclosed amount of funds to expand its services into other African countries.
Launched in 2011, Quicket allows anyone to create an event profile and start selling tickets though its secure online payment gateway within minutes. Companies such as Men’s Health, TEDx and Silicon Cape have used the platform for their events.
“As more companies, festivals, adventure sports, schools and individuals opt to plan and manage their own local events and meetings, the need for event-related technologies will continue to grow,” said James Hedley, director of Quicket.
He added, “Our cloud-based technology platform allows us to provide a seamless user experience – whether it is for larger events where event management support may be required or for smaller self-managed events.”
Quicket, currently part of Knife Capital’s year-long entrepreneurship development programme, Grindstone, is currently doubling its revenue year-on-year off a decent base while being cash-flow positive.
It began expanding into other African countries last year by executing events in Kenya and partnering with a ticketing company in Uganda. This fresh funds will enable it expand further on the continent through a physical distribution network (kiosks), and to streamline its services in South Africa.
“We admire the team’s bootstrap tenacity and strong positive company culture. Through Grindstone we’ve implemented a few strategic interventions together and realised that there is a good cultural fit and a considerable gap in the African ticketing space if we accelerate the growth of Quicket together,” said Keet van Zyl, CEO of KNF Ventures and co-founder of Knife Capital.
Through the KNF Ventures, Knife Capital hopes to create a sustainable impact on innovation, job creation and growth by catalysing entrepreneurship in South Africa.