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Funding · Consumer Internet & Media

KKR invests in BookMyShow at $850 Mn valuation

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Date
Company
BookMyShow
What it does
Digital ticketing and live events platform
Kind
Funding
Amount
$40-50 Mn
Stage
growth
Sector
Consumer Internet & Media

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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