Stake sale · Consumer Internet & Media
KKR acquires minority stake in entertainment platform BookMyShow
By Startup Enthusiast ·
- Date
- Company
- BookMyShow
- What it does
- Online entertainment and ticketing platform
- Kind
- Stake sale
- Amount
- ₹380 Cr
- Stage
- late
- Based in
- Mumbai
- Founded
- 2007
What they do
BookMyShow is an online platform for movie ticketing, live events, and experiences operating across India and several international markets
What happened
The company secured approximately ₹380 crore in primary capital from KKR, valuing the entertainment business at roughly ₹6,000 crore
Why it matters
The fresh funding will support the expansion of the company's live entertainment division and its full-stack service offerings across India
The details
- Global investment firm KKR has acquired a minority stake in the Indian entertainment company BookMyShow.
- The transaction involves an infusion of ₹380 crore in primary capital (new shares issued by the company to raise funds).
- This investment values the entertainment platform at approximately ₹6,000 crore.
- The deal remains subject to customary regulatory clearances before final completion.
- Avendus Capital served as the exclusive financial advisor, while Trilegal acted as the legal advisor for the transaction.
The bigger picture
- The company plans to utilize the new capital to scale its live entertainment business.
- Funds will also support the expansion of full-stack offerings (a complete suite of integrated services) across the Indian market.
- KKR previously explored a larger investment of up to $300 million in early 2024, though those discussions did not proceed at the time.
About the business
- BookMyShow operates as an online platform for movie ticketing and live entertainment experiences.
- The company maintains a presence in over 700 towns and cities across India.
- Its movie-ticketing infrastructure covers more than 7,000 cinema screens.
- The BookMyShow Live division manages talent acquisition, production, and partnerships for large-scale events.
- Notable events managed include Lollapalooza India, Disney's Aladdin, and concerts for artists like Coldplay and Ed Sheeran.
- International operations span across Singapore, Indonesia, Malaysia, UAE, and Sri Lanka.
What happens next
- Scale the live entertainment division.
- Expand full-stack service offerings across India.
The deal
- Type
- stake-sale
Investors
- KKR (lead) — A global investment firm with a portfolio including media companies like ByteDance and Epic Games.
- Network18 (existing) — A Reliance unit holding a 39% stake in the company.
Founders
- Ashish Hemrajani, Founder and CEO
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