BookMyShow to obtain US$100 million in Series D funding led by TPG Growth

Bigtree Entertainment, which owns and operates BookMyShow, has executed definitive documents to raise US$100 million in Series D funding led by TPG Growth, the middle market and growth equity investment platform of alternative asset firm TPG. The round also saw participation from existing investors. This fresh infusion of funds will fuel BookMyShow’s growth plans as it transforms into the ultimate “Entertainment Destination” for its customers.

Ashish Hemrajani, Founder & CEO, BookMyShow, says, “BookMyShow is excited to welcome TPG Growth as our newest partner. They bring with them extensive experience across the global media and entertainment sector, which will be instrumental as we look to accelerate our growth plans in this space. The strategic value that all our investors continue to provide us will also be of immense importance as we begin a new chapter of our standout story.”

According to Bill McGlashan, TPG Growth Founder & Managing Partner and Co-Founder and CEO of The Rise Fund, “TPG Growth is committed to partnering with dynamic companies and entrepreneurs that are at the forefront of global media and entertainment. BookMyShow has a tremendous chance to transform how Indian consumers discover and experience entertainment, and we’re looking forward to working with Ashish and the team to capitalize on this opportunity.”

For many years, TPG Growth has been actively engaged in the global media and entertainment landscape. Across funds, TPG’s portfolio in the sector includes Cirque du Soleil, Creative Artists Agency (CAA), Moretickets, Spotify, STX Entertainment, and Vice Media.