Zomato to acquire ticketing business of Paytm for Rs 2,048 crore

The sale of Paytm’s ticketing business to Zomato will allow Paytm to strengthen its focus on core payments and help its financialservices distribution business turn profitable at an operating level, Motilal Oswal said.

Paytm and Zomato on Wednesday struck a dealunder which the food aggregator firm will acquire the ticketing business of Paytm for ₹2,048 crore. Brokerages have started to analyse the terms of the deal and its likely outcome for the two companies.