Zomato in talks with Paytm to acquire its movie & ticketing business

Zomato has said that it is in talks with fintech player Paytm to acquire its movie and ticketing business. This comes at a time when the fintech player is focusing on core businesses of payments and financial services. At the same time, the food delivery major is looking to tap into the growing consumer demand for going-out and entertainment segment.

In a BSE filing, Zomato acknowledged discussions are on with Paytm to acquire its movie and ticketing business. “The above discussion is being undertaken with an intent to further strengthen our Going-out business and is in line with our stated position of focusing only on our four key businesses currently,” the food delivery company stated.