Zomato in Talks to Acquire Paytm’s Movie Ticketing Business: Deal Worth Rs 1,500 Crore

[City, Date] – Zomato, the popular online food delivery platform, is reportedly in advanced talks to acquire Paytm’s movie ticketing business. The deal, estimated to be worth around Rs 1,500 crore, could significantly boost Zomato’s presence in the online entertainment sector.

Sources reveal that the acquisition is likely to include Paytm’s entire movie ticketing platform, including its technology, user base, and brand name. This move would allow Zomato to enter a new market with a readily established customer base and a strong brand reputation.

Zomato’s foray into the online entertainment sector comes as the company continues to diversify its business beyond food delivery. Recent acquisitions like Blinkit and Shipt highlight Zomato’s ambition to become a comprehensive online platform for everyday needs.

Paytm’s movie ticketing business has been a significant contributor to its overall revenue. The acquisition could help Zomato tap into this lucrative market and further strengthen its position in the online ecosystem.

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