Paytm to sell entertainment ticketing biz to Zomato for ₹2,048 crore

One 97 Communications Limited, which owns the Paytm brand, on Wednesday (August 21, 2024) said it will sell entertainment ticketing business to Zomato for ₹2,048 crore.

Entertainment ticketing business, including movies, sports, and events, will be available on the Paytm app during a transition period of up to 12 months, it said.

"One 97 Communications Limited (OCL)...today announced, that it has entered into definitive agreements for the sale of its entertainment ticketing business that includes movies, sports and events (live performances) ticketing to Zomato Limited," it said.

The deal, valued at ₹2,048 crore, underscores the value Paytm has created through its entertainment ticketing business, bringing choice and convenience to millions of Indians with its services and scale, the company said.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
You might also like