BookMyShow Close To Raising Fresh Funds At A Valuation Of Over $1 Bn: Report

BookMyShow Close To Raising Fresh Funds At A Valuation Of Over $1 Bn: Report

SUMMARY

BookMyShow is looking to raise over $100 Mn

The round may value it at nearly $1.1 Bn

General Atlantic is looking to lead the round

Mumbai-headquartered online ticketing platform BookMyShow may be the next entrant of India’s much-coveted unicorn club. A fresh round of funding reportedly worth around $100 Mn is likely to help BookMyShow increase its valuation from $800 Mn to over $1Bn.

An ET report cited sources familiar with the development to say that the company is in advanced stage talks to raise over $100 Mn. At present, private equity major General Atlantic is said to be the frontrunner for the deal valuing BookMyShow at around $1.1 Bn.

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