BookMyShow in investment talks with TPG
India's ticketing leader reportedly seeks to raise up to $60m from deep-pocketed American private-equity firm TPG Growth
News By IQ | 25 January 2018
India’s biggest ticketing firm, BookMyShow, is believed to be in talks to raise US$50–60 million in investment from US private-equity fund TPG Growth.
TPG Growth – the middle-market/growth capital division of TPG Capital, the majority owner of Creative Artists Agency (CAA) – holds stakes in Airbnb, Spotify, Uber, film production company STX, guitar-maker Fender and Papa John’s pizza, among other investments. Earlier this week it invested an undisclosed sum in African entertainment conglomerate Trace.
According to Indian business paper …
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