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New Delhi: Bigtree Entertainment Pvt. Ltd, which owns online entertainment ticketing platform BookMyShow.com, on Monday reported a 3.1 crore profit for the year ended 31 March, against a loss of 13.5 crore in the year-ago period.

Revenue rose to 248 crore in the period from 130 crore. Revenue from online ticket booking doubled to 176.7 crore from 88.4 crore.

Founded in 1999 by Ashish Hemrajani, Parikshit Dar and Rajesh Balpande, the Mumbai-based online ticketing company raised over 550 crore in its fourth round of funding in July led by US-based Stripes Group with existing investors Network 18, Accel Partners, and SAIF Partners participating. The funding valued the company at 3,000 crore.

BookMyShow is present in over 350 towns and cities and is looking to grow its user base in Tier two towns and cities. The company sold an average of 7.8 million ticket per month in the financial year 2015-16.

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