Global investment firm KKR has agreed to acquire a minority stake in BookMyShow, India’s leading ticketing and live entertainment platform, to support its expansion across the country’s growing out-of-home entertainment sector.
The transaction, announced late on Tuesday, is subject to regulatory approvals. Financial terms were not disclosed. Avendus Capital advised BookMyShow on the deal, while Trilegal provided legal counsel.
Founded in 2007, BookMyShow operates as a ticketing platform and live entertainment company, managing events across movies, concerts, live performances, sports, and theatrical productions. The company serves over 700 towns and cities in India and maintains international operations in Singapore, Indonesia, Malaysia, the UAE, and Sri Lanka. Its live entertainment division, BookMyShow Live, has brought major events to India, including Lollapalooza India, concerts by Coldplay and Ed Sheeran, and Disney’s Aladdin.
Existing investors in BookMyShow include Network18 (part of Reliance Industries Limited), Accel Partners, Elevation Capital, Stripes Group, and TPG.
KKR’s India private equity team, led by Partner and Head Akshay Tanna, highlighted the strategic rationale behind the investment. “We are pleased to support BookMyShow as it continues to lead the next phase of growth in India’s out-of-home entertainment sector,” Tanna said.
BookMyShow Founder and CEO Ashish Hemrajani echoed the sentiment, noting KKR’s global perspective and expertise in consumer businesses. “Their deep understanding will be invaluable as we enter the next phase of our journey,” he said.
The deal adds BookMyShow to KKR’s expanding portfolio in media and entertainment, which includes stakes in ByteDance, Epic Games, and Simon & Schuster. KKR has also previously invested in Indian companies such as Medicover India, Lighthouse Learning, Vini Cosmetics, and Healthcare Global Enterprises.
