Startup using Uber-inspired surge pricing for event tickets raises funding

Singapore-based events and ticketing platform Hapz has raised just over US$500,000 in seed funding, it announced today. Cocoon Capital, Quest Ventures, TinkBig Venture, and Singapore Press Holdings’ SPH Media Fund participated in the round, alongside an unnamed angel investor.

Hapz aggregates information on a host of arts and entertainment events in the Lion City – including concerts, festivals, sports matches, and tourist attractions – and curates these according to its users’ preferences.

The company says that event goers can potentially make significant savings on tickets and admission fees using its service, as compared to buying them from outlets where prices are set. Its platform allows users to put in a bid at the price that they’d be willing to pay.

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