News Release Details

Press Release

View printer-friendly version
<< Back
Jul 18, 2018
BookMyShow raises USD $100 million in Series D funding led by TPG Growth

Mumbai – July 18, 2018 – Bigtree  Entertainment Pvt. Ltd., which owns and operates BookMyShow, announced today it  has executed definitive documents to raise USD $100 million in Series D funding  led by TPG Growth, the middle market and growth equity investment platform of  alternative asset firm TPG. The round also saw participation from existing  investors.  This fresh infusion of funds will fuel  BookMyShow’s growth plans as it transforms into the ultimate ‘Entertainment  Destination’ for its customers.

Ashish Hemrajani, Founder and CEO, BookMyShow said, “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 continue  to provide us will also be of immense importance as we begin a new chapter of  our standout story.”

“TPG Growth is committed to partnering with dynamic companies and  entrepreneurs that are at the forefront of global media and entertainment,”  said Bill McGlashan, TPG Growth Founder and Managing Partner and Co-Founder  and CEO of The Rise Fund. “BookMyShow has a tremendous chance to transform  how Indian consumers discover and experience entertainment, and we’re looking  forward to working with Ashish and the team to capitalize on this opportunity.”

“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 of TPG Growth. “In partnering with BookMyShow, we saw the opportunity  to invest behind an innovative company that is set to benefit from these trends  and become the leading organization across entertainment genres.”

For many years,  TPG Growth has been actively engaged in the global media and entertainment  landscape.  Across funds, TPG’s portfolio in the sector includes Cirque du  Soleil, Creative Artists Agency (CAA), Moretickets, Spotify, STX Entertainment,  and Vice Media.

Avendus Capital  was the exclusive financial advisor to BookMyShow and Shardul Amarchand  Mangaldas & Co. were the legal advisors representing the company during  this round.

About BookMyShow

BookMyShow works with partners  across the industry to provide unmatched entertainment experiences to millions  of customers, on par with global entertainment standards. It is constantly  innovating to increase its ownership share in the Indian entertainment value  chain by relying heavily on its analytic capabilities and incisive  understanding of customers. BookMyShow has produced music concerts and  theatricals, introduced audio entertainment service Jukebox, built India’s  largest organic reviews and ratings engine for movies and has driven technology  innovations, such as the m-ticket, impacting both users and the industry at  large.

Since its launch in 2007, BookMyShow has been  committed to its customers. With investments from TPG Growth, Stripes Group,  SAIF Partners, Accel Partners and Network 18, BookMyShow is invested in  providing the best user experience, whether it’s on ground at an event or  online. Demonstrating category leadership, BookMyShow has expanded its  operations to Sri Lanka and Indonesia and has invested in companies including  Do-It-Yourself events registration and ticketing platform Townscript and  Fantain, a fantasy sports platform for Cricket and Kabaddi. It is also  committed to society at large by way of their charity initiative BookASmile,  which provides entertainment experiences to the underprivileged. For more  information, please visit

About TPG Growth

TPG Growth is the  middle market and growth equity investment platform of TPG, the global  alternative asset firm. With approximately $13.2 billion of assets under  management, TPG Growth targets investments in a broad range of industries and  geographies. TPG Growth has the deep sector knowledge, operational resources,  and global experience to drive value creation, and help companies reach their  full potential. The firm is backed by the resources of TPG, which has  approximately $84 billion of assets under management. For more information,  visit

Media  Contacts:   

BookMyShow: Arushi Maheshwari | | + 91-8802999023

TPG: Snigdha Nair | Adfactors PR | |  +91 9920481191