Paytm Sells Entertainment Ticketing Business to Zomato for Rs 2,048 Crore

One 97 Communications Limited (OCL), the owning company of Paytm, announced the sale of its entertainment ticketing business to Zomato for Rs 2,048 crore. The deal includes ticketing for movies, sports, and live events, and these services will remain on the Paytm app during a transition period of up to 12 months.

One 97 Communications Limited, the parent company of Paytm, announced on Wednesday that it will sell its entertainment ticketing business to Zomato for Rs 2,048 crore.

The agreement comprises ticketing for movies, sports, and live events, which will remain accessible on the Paytm app during a transition period of up to 12 months.

This significant deal highlights Paytm's success in the entertainment ticketing sector and its commitment to offering choice and convenience to millions of Indian users.

(With inputs from agencies.)