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PAYTM TO SELL ENTERTAINMENT TICKETING BUSINESS TO ZOMATO FOR RS 2,048 CR

The Business Guardian

|

August 22, 2024

Paytm is making a strategic move to focus on its core payments and financial services business.

PAYTM TO SELL ENTERTAINMENT TICKETING BUSINESS TO ZOMATO FOR RS 2,048 CR

The company has sold its entertainment ticketing division, including popular platforms like TicketNew and Insider, to Zomato for a whopping Rs 2,048 crore.

The deal marks a significant milestone for both companies. Paytm's entertainment ticketing business has been a successful venture, contributing to the company's overall growth. However, the decision to sell this division aligns with Paytm's strategy to concentrate on its core areas of payments and financial services.

The Business Guardian'den DAHA FAZLA HİKAYE

The Business Guardian

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Delhi government reviews TERI study on microplastics and frothing in Yamuna, orders time-bound action plan

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time to read

2 mins

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