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BookMyShow raises $100 million in Series D funding led by TPG Growth

18-July-2018
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BookMyShow raises $100 million in Series D funding led by TPG Growth

Big Tree Entertainment, the parent Company of BookMyShow, has announced that it has raised a $100 million in funding for Series D led by TPG Growth, the middle market, and growth equity investment platform of alternative asset firm TPG. The funding will be used to further its plans growth as it aims to become the ‘Entertainment Destination’ for its users. The round also saw participation from current investors.

Speaking on the new round of funding, 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.”

Bill McGlashan, TPG Growth founder and managing partner, and co-founder and CEO of The Rise Fund further believe that BookMyShow has a tremendous chance to transform how Indian consumers discover and experience entertainment. “We’re looking forward to working with Ashish and the team to capitalise on this opportunity,” he added.

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