BookMyShow Raises Funding From Stripes Group

Movies and events ticketing platform BookMyShow has raised Rs 550 crore in a funding round led by US-based Stripes Group. It’s one of the biggest funding rounds for internet startups this year. Existing investors Accel Partners, SAIF Partners and Network 18 also participated in the round. BookMyShow said the deal valued the company at Rs 3,000 crore.

Stripes Group is a venture capital firm based in New York, focusing on areas such as internet, software-as- a-service, digital media and e-commerce with $1.5 billion of assets under management.

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