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BookMyShow owner raises $100 million from TPG, others

Bigtree Entertainment Pvt. Ltd, which owns and operates BookMyShow (BMS), an online entertainment ticketing platform, has raised $100 million in Series D funding from new and existing investors, led by TPG Growth. TPG Growth is the mid-market and growth equity investment platform of US-based private equity firm TPG. Founded by Ashish Hemrajani, Parikshit Dar and Rajesh Balpande, BookMyShow last raised Rs 550 crore in July 2016 from Stripes Group, Accel Partners, SAIF Partners and Network18 at a valuation of more than Rs 3,000 crore. BookMyShow has a presence in over 650 towns and cities in India and serves over 25 million customers. BookMyShow has grown to become one of the largest transacting e-commerce platforms in the country with over 10 million tickets booked every month on its platform.

Read More at Livemint News date : 23 Jul 2018, Monday

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