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Flipkart in talks to buy stake in BookMyShow - Economic Times
October 16, 2017 / 4:32 AM / 2 months ago

Flipkart in talks to buy stake in BookMyShow - Economic Times

REUTERS - 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.

FILE PHOTO: The logo of India's largest e-commerce firm Flipkart is seen on the facade of the company's headquarters in Bengaluru, India July 7, 2017. REUTERS/Abhishek N. Chinnappa/File photo

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. bit.ly/2gHuPc4

Flipkart, which secured nearly $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.

Reporting by Tanvi Mehta in Bengaluru; Editing by Gopakumar Warrier

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