BookMyShow earned a ticket worth 500 crores in fourth round of funding

BookMyShow earned a ticket worth 500 crores in fourth round of fundingBookMyShow—an entertainment ticketing portal owned by Bigtree Entertainment—has raised over 500 crores in its fourth round of funding, which is more than double of the total capital Bookmyshow has raised over the last six years.

The latest round of funding was led by US-based Venture Capital firm Stripes Group, and also saw the participation from all existing investors— Network 18, Accel Partners, and SAIF Partners.  After this, the parent company is now valued more than 3,000 crores.

Sources say, the newly acquired funds will be invested in improving user experience by strengthening existing data analytics engine and focus on curating its own contextual entertainment content including videos, reviews and discovery.

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