The investment will be used to increase inventory, for further expansion to more states across Nigeria and to build out the product, engineering and business development team.
Launched in 2014, the online events venue search & booking platform enables customers to source the perfect venue for weddings, conferences or birthdays. ogaVenue was launched by Andrew Airelobhegbe, former CTO at Amsbro.com (An EdTech startup).
After just one year of trading, ogaVenue already lists 2000+ venue options across 17 states in Nigeria, including some of Lagos’ busiest venues, including Harbour Point, Mimaya Event Centre and FM Event Centre.
The events industry in Nigeria is estimated to be among the most extravagant in the world and pegged at $20 billion, with 25% of each event cost spent on venue rental.
“We are incredibly excited to join the Spark family as it houses some of the most successful startups in Nigeria and arguably as helped to grow the most successful founders in Nigeria. We’re also thrilled to have attracted the attention of, and investment from Hotels.ng, a pioneering travel business we have long since admired and followed. With them on board, we are certain that together, we will radically change the face of events and hospitality in Nigeria and Africa,” says Andrew Airelobhegbe, ogaVenue CEO.