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Jungle Ventures invests in BookMyShow’s Southeast Asia Business

3Dec By PriyankaNo Comments

FUNDING

Jungle Ventures invests in BookMyShow’s Southeast Asia Business

Bigtree Entertainment Singapore Pte Ltd, which owns and operates BookMyShow's South East Asia business said Singapore-based Jungle Ventures has invested in the company. The company however, did not disclose the financial details of the transaction. The capital will be used to strengthen BookMyShow SEA's technology operations and grow its capabilities to cater to the rising entertainment demands in the Southeast Asian region, a company statement said. With this first external fund raise for the firm's Southeast Asian business, BookMyShow SEA will shift its headquarters to Singapore, it added. Pursuant this investment, BookMyShow SEA aims to expand its geographic footprint across the Southeast Asian market to become the leading out-of-home entertainment platform for the region, ...

18Jul By Gauri SinghNo Comments

FUNDING

BookMyShow Raised $100 Million in Series D Funding

BookMyShow, the online entertainment ticket booking platform has raised $100 million (Rs 685 crore) in Series D funding round which was led by TPG Growth, the middle market and growth equity investment platform of alternative asset firm TPG. The latest funding round saw the participation of other existing investors too. Bigtree Entertainment owned company has been looking forward to growing the non-movie business to a great extent and thus, these funds will be used in some of these areas for growth. “BookMyShow is excited to welcome TPG Growth as our newest partner. They bring with them extensive experience across the global media and entertainment sector, which will be instrumental as we look to accelerate our growth plans in this space. The strategic value that all our investors cont...

One97 invests $8.95 Mn in Paytm Entertainment

26Jun By Lavina TolaniNo Comments

BUSINESS

One97 invests $8.95 Mn in Paytm Entertainment

One97 Communications, the parent company of Paytm has invested $8.95 Mn (approx Rs 61 Cr) into its wholly subsidiary Paytm Entertainment, as per by more than 50% as per company's filings with Ministry of Corporate Affairs. Paytm Entertainment, the entertainment arm of Paytm deals in ticket booking for movies and other channels has increased its online penetration in India by more than 50%, as claimed by the company. It is interesting to note that Paytm Entertainment has collaboration with SPI Cinemas which is the owner of landmark companies such as Sathyam Cinemas, Le Rêve, The Cinema, in Chennai, Hyderabad, and Mumbai. The digital arm of Paytm had entred ticketing segment back in March 2016 in partnership with PVR and today it has its business operations running across 660 cities...

BookMyShow Steps Into International Event Ticketing

20Jun By Gauri SinghNo Comments

BUSINESS

BookMyShow Steps Into International Event Ticketing

India's largest entertainment ticketing platform BookMyShow is now stepping into international event ticketing service with the aim to strengthen its non-movie business over the next two years. The company will foray the international ticketing service with a musical stage production of Rodgers & Hammerstein’s The King and I which is to happen at the West End theatre in London. The ticketing company had also collaborated with Disney for its Broadway-style musical Aladdin’s entry in India. Albert Almeida, COO-Non Movies at BookMyShow said, Millions of Indian tourists travel abroad each year and many of them are increasingly traveling to satiate their appetite for international entertainment. This is where we sensed an opportunity in fulfilling the need of our audiences that trave...

18Oct By PriyankaNo Comments

News

Flipkart To Launch Its Loyalty Programme ‘Flipkart First’ To Take On Amazon Prime

India's Ecommerce Unicorn Flipkart is planning to relaunch its loyalty programme to compete with Amazon Prime that has become a key differentiator for the American internet giant. The online retailer is in talks with online travel portal MakeMyTrip and event and tickets booking platform BookMyShow and cab aggregator Ola to provide its consumers more value-added services through Flipkart First. Earlier when Flipkart launched its loyalty programme- Flipkart First, but later didn't worked much to make it work; and the service fizzled out. Also Read: Amazon Infuses $250 Mn In Indian Amazon Seller Services Flipkart In Talks To Acquire Stake In BookMyShow Flipkart, which has so far raised nearly $3 billion in two separate tranches this year, also plans to leve...

Flipkart In Talks To Acquire Stake In BookMyShow

16Oct By reutersNo Comments

ACQUISITION

Flipkart In Talks To Acquire Stake In BookMyShow

E-commerce firm Flipkart is in talks for a partnership with online ticketing platform BookMyShow in a bid to build out its services and transaction offering, the Economic Times newspaper reported. The talks are at a preliminary stage and may see Flipkart picking up a significant minority stake in BookMyShow, two people familiar with the discussions told the paper. ALSO READ Metro Cash & Carry To Start Ecommerce For B2B By Dec-End Be Intellectually Honest And Have The Courage To Change Says Apple CEO Tim Cook Flipkart, which secured nearly $2.5 billion in funding from Japan’s SoftBank Group in August, did not respond to a request for comment. BookMyShow, owned by Mumbai-based Bigtree Entertainment Pvt Ltd, was not immediately available...

15Sep By RishabhNo Comments

News

BookMyShow Becomes The First Ticketing Brand To Partner With Whatsapp For Business

BookMyShow becomes the first Indian Online Ticketing brand to partner with Whatsapp in its Whatsapp for Business pilot programme. It has partnered with WhatsApp to make a confirmation channel for all its 1 billion users. (more…)

BookMyShow Acquires Video-On-Demand Platform Nfusion

2Aug By RishabhNo Comments

ACQUISITION

BookMyShow Acquires Video-On-Demand Platform Nfusion

Online entertainment ticketing company BookMyShow on Tuesday said it has acquired video-on- demand platform Nfusion for an undisclosed amount, a move that will help the Mumbai-based firm enhance its audio streaming offerings. Without disclosing the financial details of the transaction, BookMyShow said it acquired Nfusion in an all-cash deal. “We are excited to foray into audio entertainment through our offering ‘Jukebox’ (its online audio entertainment offering), which uses Nfusion’s technology,” BookMyShow director Parikshit Dar told PTI. Nfusion was set up in the Middle East in 2009 by Shoaib G.M. Khan, Sivagurunathan S. and Prabhakar Reddy. The HD video- on-demand platform allowed users to stream videos online. Dar said that strengthening the audio offerings is part of BookMyShow ...

BookMyShow Acquired Restaurant-Discovery Platform Burrp

4Jul By RishabhNo Comments

ACQUISITION

BookMyShow Acquired Restaurant-Discovery Platform Burrp

Online ticketing platform BookMyShow, in which Reliance Industries-controlled Network18 holds a sizeable stake, has recently acquired restaurant-discovery platform Burrp, another Network18-owned firm. Burrp would continue to run as a separate entity said Bigtree Entertainment Pvt. Ltd, which runs BookMyShow. The Network18 divestment was made to Foodfesta Wellcare Pvt. Ltd, the BigTree subsidiary that owns and operates BookMyShow, a press statement said. The companies did not reveal the value of the all-cash deal, but a report in The Economic Times called it a “slump sale” and pegged it at a meagre Rs 6.7 lakh. Mansi Vora, head of mergers and acquisitions at BookMyShow, said, “Movie going in India is a social activity and food is an integral part of it. This is where Burrp fits in...

BookMyShow Picks Up 75% Stake in Pune Based Townscript

14Feb By PriyankaNo Comments

ACQUISITION

BookMyShow Picks Up 75% Stake in Pune Based Townscript

Entertainment ticketing platform BookMyShow today said it has bought 75 per cent stake in Pune-based Townscript for an undisclosed amount. Founded in 2014 by Sachin Sharma and Sanchit Malik, Townscript is a DIY (do it yourself) event registration and ticketing platform that allows users to set up events like workshops, conferences and exhibitions. Its platform has already facilitated 12,000 such events across major cities as well as smaller cities like Ludhiana and Jaipur. "With this investment, we now have a majority stake in Townscript and we plan to help them take lead in this category while empowering small and medium event organisers over a marketplace model," Ashish Hemrajani, CEO and co-founder at BookMyShow, said. "We will use the investment primarily for improving the prod...

25Jan By AdityaNo Comments

ACQUISITION

BookMyShow Acquires Hyderabad Based MastiTickets

BookMyShow has acquired Hyderabad-based online ticketing platform, MastiTickets, for an undisclosed sum, a move aimed at consolidating its presence in Andhra Pradesh and Telangana. The acquisition will include transfer of MastiTickets' key assets along with existing cinema partnerships to BookMyShow, BookMyShow CEO and co-founder Ashish Hemrajani told Pixr8. He, however, declined to comment on the deal size. Founded in 2014 by Ravi Narla, MastiTickets has a strong presence in Andhra Pradesh and Telangana and currently works with over 120 cinemas. "The acquisition will help us further consolidate our position and strengthen our footprint. We work with 530 cinemas in these two States and have added 175 of these in the last 12 months alone," he said. MastiTickets has a very small...

28Dec By NitishNo Comments

News

BookMyShow Sets New Records, Sells 1 Million Tickets a Day

BookMyShow has created history by alone selling over 3 million movie tickets for the Christmas weekend from Friday to Sunday, which also was the opening weekend of mega blockbuster Dangal. This massive achievement indeed makes BookMyShow the most loved online entertainment ticketing brand in the country. For shows on Saturday and Sunday, BookMyShow sold over 1 million tickets a day, thereby contributing to over 35% of Dangal's overall opening weekend collection in India. As a way to celebrate this, BookMyShow has also extended its Blockbuster Week offer till 1st January 2017, wherein users will be able to avail massive discounts on movie ticket bookings while also standing a chance to win fabulous gifts and assured prizes. Ashish Saksena, COO-Cinemas, BookMyShow said, "The year 2016 ...