Zomato completes acquisition of Paytm’s entertainment ticketing biz

Food delivery major Zomato has completed the acquisition of Paytm’s event ticketing subsidiaries Wasteland Entertainment Private Limited (WEPL) and Orbgen Technologies Private Limited (OTPL), the company said in an exchange filing. OTPL and WEPL operate the TicketNew and Insider platforms, respectively.

ET first reported on June 16 that Paytm was in talks to sell Paytm Insider to Deepinder Goyal’s Zomato, which is looking to expand the “going-out” business.

In a separate filing, Noida-based Paytm also confirmed that the transfer of the events and movies ticketing business to Zomato was completed on August 27.