Bigtree Entertainment BookMyShow raises Rs 550 crore from US Stripes


New Delhi: On Tuesday Bigtree Entertainment, proprietor of online movie and events ticketing gateway BookMyShow, conveyed that, it has risen in excess of Rs 550 crore in financial support from a cluster of depositor, lead by US-based confidential evenhandedness Stripes collection. Founded in Mumbai (India) in 1999 and re-launched in 2007, BookMyShow is currently in attendance in over 350 towns and cities across India, at present gathering the entertainment demands of millions of customers.  

The company conveyed in a statement that, Bigtree's existing investors – Network18, Accel Partners, SAIF Partners – too contributed in the financial support round. Surrounded by India this clean mixture of money comes at a time when BookMyShow has taken part in innovative worldwide territories such as Indonesia and appears to transform into the favored 'Entertainment Destination'. They conveyed that, they are thrilled to greeting Stripes collection on floorboard as our most recent partner, which comes with prosperity of knowledge in digital amusement asset. Ashish Hemrajani, CEO and Co-Founder, BookMyShow conveyed that, with BookMyShow being their primary investment in the Indian market, subsequently to the exhibit of self-confidence by our accessible investors Network 18, Accel Partners and SAIF Partners, this is an generally testimony to how they consider in our roadmap for enlargement and modernism within the amusement space.