BookMyShow Raises USD 100 Million in Series D Funding

New Delhi, July 18: Online ticketing platform BookMyShow on Wednesday said it has raised $100 million in Series D funding round led by private equity firm TPG Growth. The round also saw participation from existing investors, Bigtree Entertainment, which owns BookMyShow, said in a statement.

"This fresh infusion of funds will fuel BookMyShow's growth plans as it transforms into the ultimate ‘Entertainment Destination' for its customers," it said.

Akshay Tanna, Principal at TPG Growth, said: "Traditionally dominated by movies, India's entertainment industry is rapidly changing and expanding, driven by factors such as rising income levels, growing consumer appetite and higher Internet usage."

(The above story first appeared on LatestLY on Jul 18, 2018 02:13 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).