Business

BookMyShow raises $100 million in Series D funding

July 18, 2018 02:36 PM

PUNJAB NEWS EXPRESS
NEW DELHI: 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."


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