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BMR, Indus Law continue BookMyShow relationship into big ticket Rs 1000 cr valuation

BMR: Big ticket
BMR: Big ticket
BMR Legal has continued advising online ticketing website BookMyShow in its latest fundraising round of Rs 150 crore by existing venture capital investors SAIF Partners and Accel Partners, who have continued relying on Indus Law.

Network 18 also reinvested in the company, having handled the deal with its in-house legal team.

BMR Legal Delhi partner Amit Khansaheb, Mumbai managing associate Vishruta Kaul, Mumbai associate Deep Jain and Delhi associate Ayush Soni acted for BookMyShow.

Saif and Accel drafted in Indus Law partners Srinivas Katta and Priyanka Roy, with associates Winnie Shekhar and Rukhmini Bose.

The investment propels BookMyShow into one of India’s three most valuable brands in the non-retail internet space, reported the Economic Times, alongside Zomato and Quikr.

BMR and Indus have shared a long-standing corporate relationship with the online ticketing portal, with Legally India having reported in 2012 that BMR and Indus had acted on the Rs 100 crore fundraising round in 2012, when the company was valued at only Rs 350 crore.

BMR firm also advised BookMyShow’s parent company, Big Tree Entertainment, in hammering out a complex contract with cinema chain PVR, advised by Luthra & Luthra, in 2013.

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