wordpress blog stats
Connect with us

Hi, what are you looking for?

BookMyShow expands international presence in Indonesia and Sri Lanka

tickets-cmn-pixabay

BookMyShow said that it clocked in 2.2 billion page views for the quarter ended September 30 (Q2 FY17), an increase of 10% from the same quarter last year. Note that Network18 has not disclosed operational and financial details of BookMyShow this quarter. In Q1 FY17, the ticketing company reported revenues of Rs 78 crore, up 30% y-o-y from Rs 60 crore in the same quarter last year.

The company said that it sold over 30 million tickets in Q1 FY17 compared to 22 million in the same quarter last year, registering a growth of 38%.

For FY 2015-16, BookMyShow sold an average of over 7.8 million tickets per month on its website and its mobile application, clocking a growth of over 82%. Big Tree Entertainment, the company that operates BookMyShow, reported revenues of Rs 235.94 crore for FY 2015-16. It reported a profit Rs 3.17 crore for the period.

Funding

In July, the company raised Rs 550 crore from US-based private equity firm Stripes Group. Other existing investors – Network 18, Accel Partners and SAIF Partners – also participated in the round of funding. It had raised Rs 150 crore from SAIF Partners and others in 2014. The company raised Rs 100 crore from Accel Partners in return for a minority stake in the company in August 2012. Network18 owns 39.35% in BookMyShow. Before BookMyShow raised funding from Accel Partners, Network18 held 60% in the company, in FY12.

Advertisement. Scroll to continue reading.

International presence

The company said that it has expanded its international presence and sees in Indonesia and Sri Lanka as promising for growth. Note that it is unclear whether BookMyShow has separate operations in the the two countries but it had begun selling tickets for international events through online ticket marketplace Viagogo back in 2014.

During the quarter, BookMyShow managed the cricket series between Australia and Sri Lanka. It also managed the Pro-Kabbadi league and other regular events.

Download: Network18’s quarterly report

Advertisement. Scroll to continue reading.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

India and US come to terms on how to deal with the equalisation levy in light of the impending Global Tax Deal.

News

Find out how people’s health data is understood to have value and who can benefit from that value.

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ