The Deals: KKR Invests in India’s BookMyShow
In this week's Deal's roundup, Merlin and Jamen complete their acquisition of Curve Royalty Systems and more.
KKR, a global investment firm, has made a minority investment in India’s top entertainment company, BookMyShow. The funds managed by KKR are backing the live entertainment division of BookMyShow as it moves forward in its growth. Over the past few years, BookMyShow Live has brought several renowned artists to India, such as U2, Coldplay, Ed Sheeran, and Justin Bieber.
Akshay Tanna, KKR’s partner and head of India private equity, expressed delight in supporting BookMyShow’s continued expansion in India’s out-of-home entertainment sector. KKR’s involvement is viewed as a crucial step towards making India a global entertainment hub and a top destination for leading artists and acts. Ashish Hemrajani, BookMyShow’s founder and CEO, emphasized the significance of KKR’s global perspective and expertise in the next phase of the company’s journey.
This investment aligns with KKR’s portfolio of media and entertainment investments, which includes notable companies like Internet Brands, ByteDance, and Epic Games. Other investors in BookMyShow include Network18, Accel Partners, Elevation Capital, Stripes Group, and TPG.
Written by urgent.news from Billboard's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
