Zomato Buy PayTM’s Entertainment Business

Business

Zomato to Acquire Paytm’s Entertainment Business for ₹2,048.4 Crore

The food delivery giant Zomato has announced its plans to acquire Paytm’s entertainment and ticketing business for a whopping ₹2,048.4 crore ($244 million). This strategic move aims to bolster Zomato’s presence in the “going-out” sector, allowing users to book tickets for movies, sports, and events seamlessly. Paytm, facing intense competition, has decided to focus on its core financial services, divesting…