BookMyShow has joined the Grab Ventures Velocity program, a scale-up program launched by Grab, Southeast Asia’s leading O2O mobile platform. With this, BookMyShow becomes the only entertainment start-up to be a part of this innovative program to scale-up business in Indonesia and South East Asia.
The Grab Ventures Velocity Program is a 16-week programme to help participating companies scale up faster through access to assets, resources, capabilities and networks of Grab and its programme partners. During the program, BookMyShow’s entertainment offerings will be featured within the feed on the Grab homepage, allowing users to browse and book services directly from the Grab application. Through this program, BookMyShow will receive unparalleled market access via Grab in Indonesia.
Karan Khetan, Co-founder, BookMyShow Indonesia said, “BookMyShow is excited to partner with the Grab Ventures Velocity Program. Grab is an integral part of almost everyone’s daily lives in the entire SE Asian region and they bring with them extensive market expertise which will be instrumental as we look to accelerate our growth plans in Indonesia and region. We have seen phenomenal synergies with Grab that were win-win for both companies.”
BookMyShow forayed into Indonesia in mid-2016, and since then has been successful in being an online ticketing platform for various cinemas, events and karaoke. The Indonesia division is an offshoot of the Indian juggernaut that recently raised 100mm USD in their Series D funding. They focus is on ticket supplier aggregation to provide consumers with the widest choice of content, prices, locations and timings.
