Bookmyshow acquires India's answer to Eventbrite

Townscript charges a fee of 3.99% on transactions, plus $0.15 per booking, reports Tech In Asia

India’s Bookmyshow has acquired Townscript, the company announced today. The value of the 75 percent stake is not disclosed.

“We have been working on introducing such a feature for a long time. But we later found that Townscript was already doing it. It was a natural thing for us to invest in them,” Bookmyshow spokesperson told Tech in Asia.

The buyout will allow Bookmyshow to foray into Eventbrite-style do-it-yourself ticketing. For example, if you want to hold a workshop on effective communication but don’t want to pay an events company, you can create your event on the portal and start