BookmyShow the online movie ticketing app has acquired Townscript for the undisclosed amount of 75% stake. It is the company’s second acquisition in this year after they acquired Hyderabad based Mastitickets last month.
Townscript which was started by Sachin Sharma and Sanchit Malik are some of the players in the market for event booking to startups and SMEs. It is a do-it-yourself event platform where one can create an event in the portal and start selling the tickets. Due to this feature of do-it-yourself events Townscript has served more than 12,000 event organisers and has raised funds of an undisclosed amount in Angel round
from Mindtickle,Carlyle Groups,Ameretat Technologies etc. They are expecting to grow in the number of ticket sales and increase in the small and medium event organisers participation.
Even Bookymyshow got attracted with the event organising system of Townscript so it acquired the company. It generally books the show for movies and this do-it-yourself platform will help them to increase the share in event business.
Ashish Hemrajani CEO & cofounder of Bookmyshow said” We are eager to share our learnings as well as market and product expertise in this space,to help Townsctipt continue to scale”. ” We have been working in this area for sometime and we discovered the perfect synergy match with Townscript” he added.