Bookmyshow
Bookmyshow
| Private | |
| Industry | E-Commerce |
| Founded | 2007 |
| Founders | Ashish Hemrajani Rajesh Balpande Parikshit Dar |
Area served | Asia & Oceania |
| Services | Online Movie Ticketing At Venue Event Ticketing |
| Parent | BigTree Entertainment |
| Website | www.bookmyshow.com |
BookMyShow is India's biggest online movie and events ticketing brand. The website caters to ticket sales for movies, plays, concerts and sporting events via the online platform. Launched in 2007, it is headquartered in Mumbai, Maharashtra. It additionally has offices in New Delhi, Bangalore, Hyderabad, Chennai and Kolkata.
| Private | |
| Industry | E-Commerce |
| Founded | 2007 |
| Founders | Ashish Hemrajani Rajesh Balpande Parikshit Dar |
Area served | Asia & Oceania |
| Services | Online Movie Ticketing At Venue Event Ticketing |
| Parent | BigTree Entertainment |
| Website | www.bookmyshow.com |
Early history
BookMyShow was founded by Ashish Hemrajani, Parikshit Dar and Rajesh Balpande, all three alumni of Sydenham Institute of Management, Mumbai University. They had been working for J.W. Thompson, SPAR and Chatterjee Soros Group, respectively. In 2007 they officially came up with the BookMyShow website. The major purpose of this start-up was to bring the concept of online movie ticketing to India. And soon as it expanded, it started offering online ticketing solutions for theatres, events, concerts and sports.
During its initial years, BookMyShow had a small team managing all the operations.
It now employs more than 400 people.
[1] BookMyShow's online ticketing platform is considered to be the main reason behind its success.
Services
BookMyShow is an online ticketing facility like Movietickets.com, Explara and Ticketmaster.com. BookMyShow took the primary services provided by these two websites and consolidated it into one website for movies, plays, events and sports tickets. Apart from being an online ticketing portal, BookMyShow offers information about upcoming movies and events, show timings, venue details and artist bios.
Funding & Company Valuation
Soon after BookMyShow was launched, the company was invested in by Network18 which marked the company's first round of funding in 2007. In August 2012, Accel Partners invested USD 18 million in BookMyShow. After this investment the company valuation stood at USD 58.33 million. Accel Partners are global equity investors who have invested in companies including Facebook, Dropbox and Flipkart.
In June 2014, BookMyShow announced that it has raised USD 25 million from SAIF Partners, another global equity investor.
The recent investment marks a quantum leap to a valuation of USD166.67 million from USD 58.33 million, previously raised in 2012.
[3] SAIF Partners have additionally funded ventures including Justdial.com and Makemytrip.com.
Acquisitions
March, 2013: TicketGreen, a Chennai-based online ticketing company.