BookMyShow has spun off its Southeast Asia business into a new business entity headquartered in Singapore. Revenue earned from operations in South East Asia will now come under the new Singapore-based entity. The Mumbai-based company, which counts Accel Partners as an investor, has also raised capital from Jungle Venture Partners for the Southeast Asia business. The funding is likely to be a secondary share sale from its early investors such as SAIF Partners, Accel Partners, among others. This deal will value the company at $1 billion. Meanwhile, its parent BigTree Entertainment is in the process of closing a new $100 million financing round with American multinational investment bank Goldman Sachs.