Zomato acquires Paytm's entertainment and ticketing businesses for Rs 2,048 crores.

Zomato has completed the acquisition of Paytm's entertainment and ticketing businesses, including Wasteland Entertainment (WEPL) and Orbgen Technologies (OTPL), for a total of Rs 2,048 crores. The deal, announced on August 21, includes the transfer of approximately 280 employees from Paytm's ticketing business to Zomato. Paytm plans to shift its focus primarily to payments and financial services distribution, while Zomato aims to expand beyond food delivery into the entertainment ticketing market.

August 28, 2024
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