Alibaba Pictures, the entertainment unit of China’s e-Commerce major Alibaba Group, has reportedly acquired a majority stake in Chennai-based TicketNew for an undisclosed amount. Post acquisition, Alibaba will have four representatives on TicketNew’s board and the firm’s promoters will have two o…
Tag: BookMyShow
Ronnie Screwvala’s ed-tech start-up UpGrad acquihires Pyoopil
UpGrad, the online education provider for working professionals, Co-Founded by well-known entrepreneur Ronnie Screwvala, has acquihired Pyoopil Education Technologies, a mobile-based SaaS (Software-as-a-service) product used by companies to deploy online training programmes. Delhi-based Pyoopil, …
288 start-ups cumulatively raised $1.36 bn in Q3
Investors continue to adopt a “cautious approach” regarding start-ups as investments declined to USD 1.363 billion in the third quarter of 2016, start-up tracker Xeler8 said. According to data by Xeler8, a total of 288 start-ups have cumulatively raised USD 1.363 billion in the third …
BookMyShow to expand in Tier-II, Tier-III cities
Online ticket booking service provider BookMyShow is looking at expanding its reach to Tier-II and Tier-III cities in south India, as part of its efforts to increase its offers to more theatres. The company is also in talks with multiplex majors to bring in exclusive food and beverages (F&B) …
PayU India plans to double value of processed transactions to $1 billion per month
Financial technology arm of Naspers, PayU India, said its payment gateway business plans to double the total value of transactions processed, to $1 billion per month in the next one year, backed by boost in volumes from offline and online partnerships. “Striking partnerships is critical to …
BookMyShow raises INR 550 crore funding in fourth round
Mumbai, July 6: Mumbai based Bigtree Entertainment which owns and operates BookMyShow, has raised over INR 550 crores in its fourth and largest single financing round. The round was led by US based Stripes Group, and saw participation from all existing investors – Network 18, Accel Partner…