Funding · Consumer Internet & Media
KKR invests in BookMyShow at $850 Mn valuation
By Startup Enthusiast ·
- Date
- Company
- BookMyShow
- What it does
- Digital ticketing and live events platform
- Kind
- Funding
- Amount
- $40-50 Mn
- Stage
- growth
What they do
BookMyShow is a digital ticketing platform expanding into live event production and venues
What happened
KKR picked up a minority stake for about $40-50 Mn, the first external funding in seven years
Why it matters
Live events revenue jumped 66% YoY to ₹756 Cr in FY25, outpacing online ticketing growth
The details
- KKR invested in BookMyShow, picking up a minority stake for about $40-50 Mn.
- The deal valued BookMyShow at a pre-money valuation of ~$750 Mn and post-money valuation of ~$850 Mn.
- This is BookMyShow's first external funding round in seven years.
- BookMyShow is using the capital to expand its live events business, which generated ₹756 crore in FY25.
- In 2026, BookMyShow produced or promoted John Mayer-Solo Mumbai, Lollapalooza India, and the Def Leppard India tour.
- The company is also investing in AI for live event operations such as gate scans, crowd density, and staffing.
- BookMyShow is developing a 18,000-21,000-capacity venue in Mumbai and a plug-and-play concert venue in Bengaluru.
The bigger picture
- The Indian live events market is projected to grow from ₹14,500 Cr (2025) to ₹19,600 Cr (2028).
- BookMyShow's live events revenue jumped 66% YoY to ₹756 Cr in FY25, while online ticketing revenue was ₹828 Cr.
- Competitor District (from Eternal, which acquired Paytm Insider) generated ₹973 Cr revenue in FY26 and is building venues.
- BookMyShow's total income rose to ₹1,869 Cr in FY25 with a net profit of ₹192 Cr, up from ₹109 Cr.
About the business
- BookMyShow is a digital ticketing platform expanding into live event production, promotion, IP, and venues.
- Its live events portfolio includes Lollapalooza India, Bandland, Sunburn (acquired 2019), and TribeVibe.
- BookMyShow Live BrandLabs worked with Mumbai Indians (The MIX) and Nykaa (Nykaalanad).
- It acquired VerTech stage system from UK's Star Live in 2024 and bought staging equipment from Belgium's Stageco.
- BookMyShow Stream is a transactional VOD service focusing on international and festival-led cinema.
- The company is investing in personalised movie discovery, simpler booking, and loyalty programmes.
- It is developing an 18,000-21,000-capacity venue under an agreement with Cidco in Mumbai and NICE Grounds in Bengaluru.
- BookMyShow uses AI for live event operations including gate scans, crowd density, POS, and staffing to identify bottlenecks.
What happens next
- BookMyShow expects its consolidated top line to scale 25-30% in FY26.
- It is developing a large venue in Mumbai and a plug-and-play venue in Bengaluru.
- The company continues to invest in AI for live event operations and personalised movie discovery.
The deal
- Type
- minority stake investment
Investors
- KKR (lead) — KKR is a global investment firm.
Founders
- Ashish Hemrajani, Founder
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