BookMyShow’s $75m deal and Infibeam appoints new head for Rakuten
Two Good News at a time!
Ticket booking was never made easy until BookMyShow. Bigtree Entertainment Pvt. Ltd, the owner of BookMyShow, is in talks with US-based Stripes Group to get funding of $75m.
Stripes Group is known for its investments in the range of $10-100 million in sectors such as internet, software, healthcare, IT and branded consumer products.
BookMyShow is going to be huge with existing investors, SAIF Partners, Accel Partners and Network18 Media and now, Stripes Group.
Another Indian to lead a big company
Sachin Dalal, Co-founder of Infibeam will be soon leading the Japanese e-commerce firm Rakuten in India. According to the report of Economic Times, Sachin joined the company earlier this month.
With Amazon and Flipkart ruling the online market in India, Rakuten is expected to be a fierce competition for these old rulers. Rakuten is expected to make an impact starting next year. Alongside, the online market king Alibaba is planning to enter the Indian sale market soon.
2017 is going to be a great year for online shoppers with the new sites entering the market with their great deals and the old one in the competition.
- BookMyShow acquired a large amount with funding company Stripes Group.
- Sachin Dalal to make India proud by leading Japanese e-commerce firm Rakuten.
If this seems interesting to you then comment below and share with your friends.