Rishi Garg co-founded FanSnap raises another $5.2 Million
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Bangalore: FanSnap, an event ticket search startup co-founded by Rishi Garg has closed $5.2 million funding round which was led by Highland Capital Partners. FanSnap plans to use this funding, together with existing funding from General Catalyst Partners, to extend its product and category leadership. Founded in 2007 and headquartered in Palo Alto, CA, "FanSnap is the search engine for fans, creating the world's fastest, easiest, most comprehensive and reliable way to find tickets to the events they love," says Garg, Co-Founder and Vice President Business Development, FanSnap. According to the company, it currently displays detailed ticket-level results from dozens of ticket providers, with more than twelve million sports, theater and concert tickets to more than thirty thousand events. The site now claims an index of 13,169,532 available tickets to 33,653 different events. FanSnap offers a visual map showing exactly where in a stadium each ticket corresponds to. Also, it allows users to determine at-a-glance the ticket price range by section using colored "heat map" markers. Currently, there are about 20 employees in the company. Under the term of the deal, Richard de Silva, General Partner at Highland Capital Partners, will join FanSnap's Board of Directors. "We are very pleased to welcome Highland as our newest outstanding investor and key partner to help FanSnap achieve its business goals, especially in this economic environment," said Mike Janes, CEO and Co-Founder of FanSnap, and formerly CMO of StubHub.

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