India’s largest online ticketing service BookMyShow raises $81.5 million

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Bigtree Entertainment, the Indian company which owns the country’s largest online ticketing platform BookMyShow, has raised Rs 5.5 billion ($ 81.5 million) in its latest round of funding led by the US-based Stripes Group. The company, which is now valued at Rs 30 billion /($ 444 million), plans to use the funds to transform the ticketing portal into an entertainment platform.

BookMyShow originally started as a movie ticketing portal, but has expanded its offerings to sports, live events and plays. It is present in 350 towns and cities across the country and has also entered international markets such as Indonesia, the UAE, New Zealand and Sri Lanka.   Read more…

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