Online Movie Booking: Zomato In Talks to Acquire Paytm Movie and Ticketing Business

Zomato Movie Booking: Planning to order food from Zomato? Now you can also book your movie and event tickets with Zomato soon. Online food delivery platform Zomato has confirmed the news of acquiring Paytm’s movie and ticketing business. Although there is no information about the transaction, Zomato told the stock exchange about its acquisition plans. Paytm’s movie and ticketing business valuation is between Rs.1,600 to Rs.1,750 Cr. 

Online Movie Tickets Booking on Zomato

If this deal gets completed, then this acquisition will be the biggest acquisition after Uber Eats and Blinkit. Talking about FY24, Paytm’s marketing services business, which also includes the movie and event ticketing segment, had an annual sales of around $208 million. After this acquisition, Paytm wants to focus on its core business, which includes travel, deals, and cashback.