BookMyShow

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

Internet handling fees is illegal under the IT Act 2016

A complaint was filed against BookMyShow, Paytm and PVR in March

Charging internet handling fees also violates RBI’s regulations

BookMyShow will make use of AtomX’s cashless payments platform for events and movie bookings

AtomX’s platform lets users store cash in NFC devices for quick payments

BookMyShow will provide customers an enhanced cashless experience

Inc42 found the new feature on Google Search on iOS and Android phones

Google will show you search knowledge graph cards for the movies currently playing around

The search leads to Paytm, BookMyShow or INOX booking page for the booking

RBI said online movie ticketing platforms do not hold the authority to levy handling fees from customers

Merchant Discount Rate should be handled by the ticket booking companies

Users can file their complaints related to such charges to the RBI

TPG had launched its Asia-focussed fund 25 years back in 1994

It has invested over $11 Bn across 88 deals in 13 countries

It counts Indian companies such as Lenskart, Bookmyshow as part of its portfolio

The single-window clearance for Indian filmmakers is sure to boost local content creation, drawing more users

The anti-camcording provision will combat film piracy and boost user subscription on OTT platforms

Reduction of GST on movie tickets to benefit ticketing startups like Bookmyshow, Paytm and others

BookMyShow is the only Indian startup taking part in the 16-week programme

Singapore-based Grab will give BookMyShow access to its customers in Indonesia market

The company recently raised $100 Mn in a Series-D funding

In FY17, BookMyShow's operational revenues increased by 27%

The company's expenses also continued to grow, registering a 17% jump in FY18

BookMyShow posted a 10% increase in its net loss in FY18

18 Startup Funding Took Place In The Indian Startup Ecosystem This Week [16 - 21 July 2018]

• BookMyShow will use the funds to fuel its growth plans
• Avendus Capital was the exclusive financial advisor to BookMyShow for the funding
• Shardul Amarchand Mangaldas & Co was the legal advisor during this round

Paytm Entertainment Recently Acquired Chennai-Based TicketNew