Paytm posts first net income after selling assets to Zomato
2 days ago — Paytm has since trimmed its workforce, and sold its movie and events ticketing business to Zomato Ltd. for $244 million. That sale is part of the company’s strategy to sharpen focus on areas ...
Paytm's first net income after asset sale to Zomato leaves stock …
2 days ago — Paytm achieved its first net income of 9.3 billion rupees, aided by a 13.5 billion rupee gain from selling its events business. ... and sold its movie and events ticketing business to Zomato Ltd ...
Paytm posts first-ever profit helped by ticketing biz sale to Zomato ...
2 days ago — Paytm parent One 97 Communications on Tuesday posted a 34% year-on-year fall in second-quarter operational revenue at Rs 1,660 crore, but the sale of its ticketing platform to Zomato helped the digital payments company report a net profit of Rs 930 crore. The sale of Paytm Insider resulted in a one-time gain of Rs 1,345 crore for the company in the quarter ended September 30, helping it swing ...
Zomato to buy Paytm’s entertainment ticketing business for Rs …
Aug 22, 2024 — The acquisition of Paytm Insider, approved by Zomato's board, will allow the food delivery giant to foray into the entertainment ticketing sector, complementing its existing dining and food delivery services.
Zomato completes acquisition of Paytm's entertainment and …
Food delivery company Zomato has completed the acquisition of Paytm subsidiaries WEPL and OTPL for the entertainment ticketing business, the company said in its filing with the exchanges.
Paytm sells movie ticketing business to Zomato for $244 million
Aug 21, 2024 — Zomato, the Indian food delivery giant, has acquired the entertainment ticketing business of financial services firm Paytm for $244.1 million, signaling a strategic move to expand its “going...
Zomato Paytm deal: Zomato to buy Paytm's entertainment and …
Aug 21, 2024 — Zomato will acquire Paytm's entertainment and ticketing business for Rs 2,048 crore as the food delivery giant looks to expand its presence in the 'going-out' segment, while the embattled...
Zomato to Buy Paytm’s Movie Ticketing Business for $244 Million
Aug 21, 2024 — Zomato Ltd. agreed to buy Paytm’s movie and events ticketing business for 20.5 billion rupees ($244 million) in cash, snapping up an asset from the fintech pioneer to move beyond food and ...
India's Zomato expands movie and event ticketing business with …
Aug 22, 2024 — India's Zomato (ZOMT.NS) said on Wednesday it will acquire the movie and events ticketing businesses of digital payments firm Paytm (PAYT.NS) for $244.2 million as the food delivery platform...
Paytm Is in Talks With Zomato to Sell Movie Ticketing Business
Jun 17, 2024 — Paytm’s potential sale of its events and movie ticketing businesses to Zomato would enable the fintech company to focus on its main payments service as it launches promotional campaigns to...