BookMyShow raises $100 million in Series D funding
Wednesday - July 18, 2018 1:36 pm ,
Category : BUSINESS
New Delhi July 18 (IANS) Online ticketing platform BookMyShow on Wednesday said it has raised $100 million in Series D funding round led by private equity firm TPG Growth.
The round also saw participation from existing investors Bigtree Entertainment which owns BookMyShow said in a statement.
"This fresh infusion of funds will fuel BookMyShow s growth plans as it transforms into the ultimate ‘Entertainment Destination for its customers " it said.
Akshay Tanna Principal at TPG Growth said: "Traditionally dominated by movies India s entertainment industry is rapidly changing and expanding driven by factors such as rising income levels growing consumer appetite and higher Internet usage."
--IANS rrb/anp/mr
The round also saw participation from existing investors Bigtree Entertainment which owns BookMyShow said in a statement.
"This fresh infusion of funds will fuel BookMyShow s growth plans as it transforms into the ultimate ‘Entertainment Destination for its customers " it said.
Akshay Tanna Principal at TPG Growth said: "Traditionally dominated by movies India s entertainment industry is rapidly changing and expanding driven by factors such as rising income levels growing consumer appetite and higher Internet usage."
--IANS rrb/anp/mr
