Live
- Ramoji Group Donates ₹30 Crore to Indian School of Business (ISB)
- Celebrating the power of thought
- President Droupadi Murmu Arrives in Hyderabad to Attend Koti Deepotsavam
- Border-Gavaskar Trophy 2024-25: Rohit Sharma to join Indian team midway of Perth Test, set to be available from second Ind vs Aus Test
- Scholarships For Students
- EFLU hosts talk on 75 years of the Indian Constitution
- Mohan Babu: Half a Century of Cinematic Brilliance and Unwavering Legacy
- Chandrababu Vows Strict Measures for Women's Safety and Drug Control
- Deputy CM Bhatti Vikramarka Highlights Congress Government's Achievements
- PCC Expansive Meeting Held at Gandhi Bhavan in Hyderabad
Zomato may buy Paytm's movie ticketing business: Reports
Online food delivery platform Zomato is in advanced discussions to buy Paytm's movie ticketing and events business, according to multiple reports.
New Delhi: Online food delivery platform Zomato is in advanced discussions to buy Paytm's movie ticketing and events business, according to multiple reports.
This move aligns with Zomato's plan to expand its 'going out' offerings.
The potential deal could value Paytm's vertical at around Rs 1,500 crore, as per reports.
Zomato or Paytm were yet to comment on the reports.
If finalised, this acquisition would be Zomato's second-largest purchase, following its acquisition of quick commerce platform Blinkit in 2021, which was an all-stock deal worth Rs 4,447 crore.
Meanwhile, Zomato has invested Rs 300 crore in its quick commerce arm, Blinkit, as this segment is projected to surpass its core food delivery business.
The board of the company has approved the investment of Rs 300 crore in Blinkit Commerce, as per filings with the Registrar of Companies accessed via TheKredible.
Additionally, Zomato will also invest Rs 100 crore in Zomato Entertainment, its events arm, which specialises in curating and selling tickets for concerts, parties, and festivals.
