BookMyShow had raised about Rs 830 crores from previous rounds of funding.Bigtree Entertainment Pvt Ltd, owner of online movie and events ticketing portal BookMyShow, on Wednesday said it has raised $100 million in its latest round of funding from a group of investors.
The Series D funding was led by new player TPG Growth, while existing investors also participated.
BookMyShow had raised about Rs 830 crores ($121.07 million) from previous rounds of funding."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," said, Akshay Tanna, principal at TPG Growth.The company did not name the other participants in the latest funding cycle, apart from TPG Growth.
Its existing investors are Stripes Group, Network 18, Accel Partners and SAIF Partners.Avendus Capital was the financial adviser to BookMyShow and Shardul Amarchand Mangaldas Co was the legal adviser during the latest funding round.BookMyShow is an online entertainment ticketing platform that allows users to book tickets for movies, plays, sports and live events through its website, mobile app and mobile site.
BookMyShow was founded in Mumbai in 1999 and re-launched in 2007.