Paytm to sell entertainment ticketing business to Zomato for Rs 2,048 crore

Zomato to acquire the movie and events ticketing businesses of Paytm’s for Rs 2,048 crore, digital payments firm said in an exchange filing on Wednesday.

The company said that it will now focus on strengthening the core payments and financial services distribution.

“Paytm agrees to sell Entertainment Ticketing Business to Zomato for Rs 2,048 cr; strengthens focus on core payments and financial services distribution,” said One 97 Communications Limited (OCL), which owns the Paytm brand.