Introduction
In the world of entertainment and leisure, there’s one name that has revolutionized the way we book tickets for our favorite movies, events, and much more. BookMyShow, the undisputed leader in online ticket booking, has not only changed the game but has become the game itself. If you’re intrigued by this colossal success story, join us on a journey to explore the rise of BookMyShow, from a small startup to an industry giant.
Birth of a Revolutionary Idea (1999)
In the late ’90s, three visionary minds—Ashish Hemrajani, Parikshit Dar, and Rajesh Balpande—had a dream. This dream was to bring the joy of entertainment within easy reach. With INR 25,000 in initial capital and a world of determination, they laid the foundation for BookMyShow. The company initially began as a software re-seller for movie theaters but quickly transitioned into the online juggernaut we know today.
A Story of Resilience and Growth
BookMyShow’s journey was far from smooth. It navigated through the turbulent waters of the ‘Dot Com’ crash in the early 2000s and survived the global financial crisis of 2008. This journey resembled the legendary tale of David versus Goliath. From meager beginnings to INR 391 crores in revenue in FY2018, BookMyShow’s growth story is awe-inspiring. The company not only endured but emerged victorious.
India’s Entertainment Ticketing Giant
BookMyShow is more than a platform; it’s a phenomenon. With a presence in over five countries and a customer base exceeding 30 million, it reigns as India’s largest entertainment ticketing platform. The company has consistently experienced impressive growth, showcasing a 40% Compound Annual Growth Rate (CAGR) in revenue within a decade of its inception.
Driving the Online Ticketing Industry
According to RedSeer, the online ticketing market in India has witnessed a quarterly revenue of $28 million. Movies contribute a significant share, accounting for 50% of the industry revenue. Sporting events, concerts, and live entertainment shows follow closely. In 2017, the online ticketing industry generated approximately $330 million in revenue. BookMyShow holds a staggering 90% market share in the online ticket booking sector, and it shows no signs of slowing down.
Beyond Movies: A World of Entertainment
Initially focused on movie tickets, BookMyShow soon spread its wings. Today, it offers tickets for a wide array of entertainment experiences, including plays, sports events, fairs, monument exhibitions, international events, and local activities. Whether you seek cinematic adventures or monumental exhibitions, BookMyShow has it all.
Access Anytime, Anywhere
To cater to the tech-savvy generation, BookMyShow launched its mobile app in 2012. Available on multiple platforms like Windows, Android, iOS, and Blackberry, the app enables users to check show timings, book tickets, read reviews, watch trailers, and more. The company is committed to enhancing user experience, as demonstrated by the introduction of a ‘progressive web app’ in 2017.
The Bottom Line
In a world where entertainment choices are limitless, BookMyShow is the guiding star. It has transformed the way we access and experience the world of entertainment. So, whether you’re a film fanatic, a sports enthusiast, or an art lover, BookMyShow is your ultimate ticket to an unforgettable experience. So what are you waiting for? Share your thoughts at the Write for Us General sites.
