India, Aug. 19 -- Online ticketing and entertainment platform BookMyShow has signed definitive agreements with global investment firm KKR for the latter to acquire a minority stake in the company for an undisclosed amount.

The stake will be acquired through funds managed by KKR. The companies did not disclose whether the transaction involves a primary capital infusion, a secondary share purchase, or a combination of the two.

KKR's investment will support BookMyShow's next phase of growth as it scales its live entertainment business and deepens its full-stack entertainment offering across India, the companies said in a joint statement.

Founded in 2007 by Ashish Hemrajani, Parikshit Dar and Rajesh Balpande, BookMyShow operates a full-sta...