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Stake sale · Consumer Internet & Media

KKR acquires minority stake in entertainment platform BookMyShow

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Date
Company
BookMyShow
What it does
Online entertainment and ticketing platform
Kind
Stake sale
Amount
₹380 Cr
Stage
late
Based in
Mumbai
Founded
2007
Sector
Consumer Internet & Media

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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