Business & Finance
KKR acquires minority stake in Indian entertainment company BookMyShow
The global investment firm aims to accelerate BookMyShow's live entertainment expansion in India.
The short version
- KKR has acquired a minority stake in India's entertainment firm BookMyShow.
- The investment is intended to expand BookMyShow's live entertainment division, BookMyShow Live.
- Financial terms and the exact size of the stake were not disclosed.
Key facts
- KKR acquired a minority stake in BookMyShow through funds managed by the private equity firm.[Billboard]
- The investment aims to support the growth of BookMyShow Live, which has brought major global acts and festivals such as Lollapalooza India, Coldplay, and Ed Sheeran to India.[Billboard]
- Existing investors in BookMyShow include Network18, Accel Partners, Elevation Capital, Stripes Group, and TPG.[Billboard]
What remains uncertain
- The financial terms and specific percentage of the minority stake acquired by KKR were not publicly disclosed.[Billboard]