The media company reinvested as part of a funding round that valued the India-based online ticketing platform at more than $440m.

Bigtree Entertainment, the India-based operator of online entertainment ticketing platform BookMyShow, has secured more than Rs 5.5bn ($81m) in a round featuring media company Network18, the Economic Times reported yesterday.

Growth equity firm Stripes Group led the round, which included venture capital firms Accel Partners and SAIF Partners, and which valued Bigtree at more than $440m.

China-headquartered internet company Baidu was reported in January this year to be considering an investment but was not listed among the round’s backers.

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