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, ...