Tuesday, October 21, 2025
13.8 C
Srinagar

Zomato Acquires Paytm’s Entertainment and Ticketing Business for Rs 2,048 Crore

Asian Mail


In a strategic move, Zomato will acquire Paytm’s entertainment and ticketing business for Rs 2,048 crore, expanding its presence in the ‘going-out’ segment. The acquisition, approved by both companies’ boards on August 21, involves the transfer of Paytm’s movie and sports ticketing businesses to Zomato’s subsidiaries, OTPL and WEPL, via a slump sale.

Follow Asian Mail Communications on Whatsapp Join Now

This deal marks Zomato’s ambitious expansion beyond food delivery, following the launch of its ‘District’ app, which consolidates dining and ticketing services. Zomato aims to offer a broader array of lifestyle services, including movies, sports ticketing, live performances, shopping, and staycations, all within a single platform.

The ‘going-out’ segment has already achieved a run-rate of over $500 million annualized Gross Order Value (GOV) and is profitable. Meanwhile, Paytm will focus on its core financial services offerings.

(Courtesy moneycontrol)

Hot this week

Aga Ruhullah Reacts Strongly to Aga Mehmood’s Remarks on Campaigning in Budgam, Says Loyalty Lies With Conscience

Budgam: Senior National Conference leader and former minister Aga...

NC, PDP, BJP candidates file nominations for key election to Budgam

Budgam: Candidates of all major political parties, including National...

Our Budgam candidate expects support from Aga Ruhullah: CM Omar

Budgam:Chief Minister Omar Abdullah on Monday said that the...

Many surprises for Rajya Sabha polls, will win all 4 seats: NC’s Tanvir Sadiq

Srinagar :National Conference (NC) Chief Spokesperson, Tanvir Sadiq Monday...

Javid Tenga re-elected as KCCI president at 91st AGM

Srinagar: The Kashmir Chamber of Commerce and Industry on...

Topics

NC, PDP, BJP candidates file nominations for key election to Budgam

Budgam: Candidates of all major political parties, including National...

Our Budgam candidate expects support from Aga Ruhullah: CM Omar

Budgam:Chief Minister Omar Abdullah on Monday said that the...

Many surprises for Rajya Sabha polls, will win all 4 seats: NC’s Tanvir Sadiq

Srinagar :National Conference (NC) Chief Spokesperson, Tanvir Sadiq Monday...

Javid Tenga re-elected as KCCI president at 91st AGM

Srinagar: The Kashmir Chamber of Commerce and Industry on...

LoP Sunil Sharma Slams Congress for ‘Surrendering’ to NC in Nagrota

Jammu :Reacting sharply to the Congress Party’s decision to...

Sajad Lone Says He Can’t Be Blamed for PSA, Urges Objective Debate on Who Introduced and Misused It

Srinagar: Jammu and Kashmir People’s Conference (JKPC) chairman Sajad...

Drug Peddler Arrested in Kulgam, Contraband Seized at Khudwani Bypass

Kulgam: Police in South Kashmir’s Kulgam district have arrested...
spot_img

Related Articles

Popular Categories

spot_imgspot_img