Business Companies 16 Oct 2017 Flipkart mulls buyin ...

Flipkart mulls buying stake in BookMyShow: report

REUTERS
Published Oct 16, 2017, 12:44 pm IST
Updated Oct 16, 2017, 12:47 pm IST
The talks are at a preliminary stage and may see Flipkart picking up a significant minority stake in BookMyShow.
Flipkart is in talks for a partnership with online ticketing platform BookMyShow, said media reports. Photo: PTI
 Flipkart is in talks for a partnership with online ticketing platform BookMyShow, said media reports. Photo: PTI

E-commerce firm Flipkart is in talks for a partnership with online ticketing platform BookMyShow in a bid to build out its services and transaction offering, the Economic Times newspaper reported.

The talks are at a preliminary stage and may see Flipkart picking up a significant minority stake in BookMyShow, two people familiar with the discussions told the paper. 

 

Flipkart, which secured nearly USD 2.5 billion in funding from Japan’s SoftBank Group in August, did not respond to a request for comment.

BookMyShow, owned by Mumbai-based Bigtree Entertainment Pvt Ltd, was not immediately available for comment.

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