Zomato completes acquisition of Paytm’s entertainment ticketing biz

Food delivery giant Zomato on Wednesday completed the acquisition of fintech major Paytm’s entertainment ticketing business, Paytm Insider, both the companies said in regulatory filings.

Last week, Zomato announced that it was acquiring Paytm Insider for ~2,048 crore, in a bid to scale up its going-out business and add newer use cases.

Under the deal, Zomato has fully acquired Paytm’s movie ticketing business Orbgen Technologies Pvt Ltd (OTPL) for ~1,264.6 crore and its events ticketing business Wasteland Entertainment Pvt Ltd (WEPL) for ~783.8 crore.