Turkish ticket startup vying with Moviepass eyes US investors

Expansion plan: Moviegoers riding an escalator past film posters inside a theater in Los Angeles, California. Sinemia plans to grow its market in the United States. — Bloomberg

ISTANBUL: Sinemia, an online-movie ticketing business started by a Turkish developer, is in talks with US-based venture-capital investors to fund an expansion in the world’s largest cinema market.

The company is seeking to attract US$50mil by mid-2019, Rifat Oguz, who founded Sinemia in 2015, said in an interview in Istanbul. It has already sold 30% to investors including Mountain View, California-based 500 Startups Management Co, Aslanoba Capital and Revo Capital Management, the former Turkcell Iletisim Hizmetleri AS engineer said.