KKR Acquires Minority Stake in BookMyShow

KKR has acquired a minority stake in BookMyShow, a leading platform for ticketing and live entertainment in India. The financial details of this transaction remain undisclosed. This move by KKR aims to enhance BookMyShow’s capabilities within the live entertainment sector and facilitate its growth throughout India.

Investment’s Impact on BookMyShow

The investment by KKR is set to strengthen BookMyShow’s initiatives in live events while also augmenting its technological and entertainment expertise.

BookMyShow’s Evolution

Initially starting as an online movie ticketing service, BookMyShow has evolved into a comprehensive entertainment entity that encompasses movies, live events, and immersive experiences. The section dedicated to live entertainment, known as BookMyShow Live, oversees talent management, event production, promotions, partnerships, and audience engagement initiatives.

Geographical Footprint

BookMyShow operates in over 700 towns and cities across India and collaborates with more than 7,000 cinema screens. The platform’s live entertainment offerings are diverse and include grand events like Lollapalooza India, U2’s The Joshua Tree Tour, NBA matches in India, Disney’s Aladdin, and concerts by major artists such as Coldplay, Ed Sheeran, Travis Scott, and Justin Bieber.

Founders and Investors

Founded by Ashish Hemrajani, BookMyShow enjoys backing from notable investors like Network18, Accel, Elevation Capital, Stripes Group, and TPG. In addition to its extensive operations in India, the company has established a presence in Singapore, Indonesia, Malaysia, the UAE, and Sri Lanka.