Tech Financing in India this week — Online ticketing platform leads

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by Lillie Zhou


The online entertainment ticketing market in India has developed rapidly in the last several years, with the increased proliferation of the internet and the growing trend of using mobile applications for booking movie, sports, and live event tickets. Valued at USD 46 billion in 2017, the online entertainment ticketing market size is expected to grow at a compound annual growth rate of 4.8% during the forecast period that extends to 2025. On July 18, BookMyShow raised USD 100 Million in a Series-D funding round led by TPG Growth. BookMyShow is an online ticketing platform providing booking services for movie and other entertainment activities. The company will use the investment to scale up its non-movie business in other entertainment sectors over the next two years.

  1. On July 13, Headout raised USD 10 Million in a Series-A round of funding led by Nexus Venture Partners. Headout is a managed marketplace helping travellers book experiences to their destinations at discounted prices. The company said that the fund would be used for launching services in 100 cities by 2019, expanding the team worldwide, and investing in technology.
  2. On July 16, Eatigo raised USD 25 Million in a pre-Series-C funding round from existing investor TripAdvisor. Eatigo is an online restaurant reservation platform based in India and Bangkok. The startup will use the investment to expand into the Asia Pacific region and to further extend its product offerings.
  3. On July 16, Unacademy raised USD 21 Million in a Series-C funding round from Sequoia India, SAIF Partners, and Nexus Venture Partners. Unacademy is an online learning platform that empowers educators to create courses on various subjects free. With the investment, it plans to onboard new educators on the platform, and further strengthen its core product and technology team.
  4. On July 17,  Foyr secured USD 4.2 Million in an extended Series-A round of funding led by SRI capital and its existing investors. Foyr offers home decoration solutions with online virtual reality technology. The company intends to use the investment to enter the US market.
  5. On July 18, Cars24 raised USD49.7 Million from Sequoia Capital India. Based in Gurugram, Cars24 is an online used car marketplace that currently has more than 50 branches across 10 major cities in India.

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Yufan Zhou

Yufan writes for AllTechAsia. She is studying Asian Studies in the School of Social Sciences at Waseda University. She is a foodie and MUNer. She is also interested in public administration, environmental development, and new media.

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