BMR, Indus, NDA act on BookMyShow’s 500 crore fund raise

BookMyShow has raised 500 crore from US-based Stripes Group, Network 18, Accel Partners, and SAIF Partners. The company is now reportedly valued at 3,000 crore.

BMR Legal acted for the Company and Promoters, with a team of Partner Amit Khansaheb, Principal Vishruta Kaul and Senior Associate Deep Jain.

Indus Law acted for Accel Partners and SAIF Partners. The team was led by Partner Srinivas Katta, along with Principal Associate Anindya Ghosh and Associate Gayatri Menon.

Nishith Desai Associates acted for Stripes Group and the team included Ruchir Sinha, Arun Scaria, Dipanshu Singhal.

Network 18 was advised by its in-house team comprising Kshipra Jatana and Karanvir Gill.

The new influx of capital means BookMyShow will target international markets, with Indonesia and Sri Lanka on their radar, reports Business Standard.