Bookmyshow raises ₹150 cr

Our Bureau | | Updated on: Jun 18, 2014

Bigtree Entertainment Pvt Ltd, the holding company of entertainment ticketing company BookMyShow, has raised ₹150 crore from SAIF Partners and its existing investors — Accel Partners and Network18. Avendus Capital was the sole financial advisor and BMR Legal was the legal advisor to this transaction. The company said it will use these funds to increase penetration outside Tier-1 cities, build on its infrastructure and expanding its offerings.

The company said that it has been doubling its revenues every year over the last few years and has sold over 100 million tickets till date. “The company has added 20 new cities by adding new cinemas or handling ticketing for events in those cities. BookMyShow now has a presence in over 200 cities and is striving to further penetrate the single screen cinema segment in each of those markets,” the statement added. Our Bureau

Published on June 18, 2014
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