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VC firms eye profits on BookMyShow bet
short by Harsh / on Thursday, 14 December, 2023
Some early investors in BookMyShow, an app for movie and event tickets, intend to sell a sizable portion of their shares. These include venture-capital firms Accel and Elevation, which together hold 25%, say people aware of the talks. Private equity firms and growth-tech funds are expected to buy those shares. BookMyShow, which is profitable, expects a valuation of $1 billion-plus.
read more at The Arc