Zomato acquires Paytm's entertainment ticketing business for INR 2,048 crore ($244.2m).

Zomato has agreed to acquire Paytm's entertainment ticketing business for INR 2,048 crore ($244.2 million). The deal includes movie, sports, and event ticketing services and will be available on Paytm's app for up to 12 months during a transition period. Paytm's parent company, One 97 Communications Limited, announced the deal on Wednesday. The acquisition aims to diversify Zomato's offerings and expand its market presence in India's online ticketing market, currently dominated by Reliance-backed BookMyShow.

August 21, 2024
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