Zomato Acquires Paytm's Entertainment Ticketing Business for $244 Million

The deal strengthens Zomato's position in India's online ticketing market and supports its diversification strategy.

Zomato will absorb approximately 280 employees from Paytm's ticketing business.
Paytm's platforms will continue offering ticketing services for 12 months before transitioning to Zomato's 'District' app.
The acquisition is expected to triple Zomato's non-core business revenue in the next two years.
Paytm is refocusing on its core payments and financial services following regulatory pressures.
Zomato's stock value has surged over 100% this year, reflecting strong market performance.