Zomato eyes Paytm’s ticketing, events business; deal pegged at Rs 1,500 crore, says report

Zomato, the food delivery giant, is in talks with embattled Paytm to acquire its events and movie ticketing businesses, multiple media reports said on Sunday. While an ET report pegs the deal at Rs 1,500 crore, a Business Standard report says that the acquisition may be billed around Rs 2,000 crore.

It should be noted that Paytm nor Zomato have neither confirmed nor denied the reports. The deal is seen as part of Paytm’s revival plan and renewed focus on its payment service businesses. The talks are in an advanced stage between Zomato and Ine97 Communications Ltd, media reports said.