Paytm Sells Entertainment Ticketing Business to Zomato for Rs. 2048 Crore, Strengthens Focus on Core Payments and Financial Services

One 97 Communications Ltd., the parent company of Paytm, has entered into definitive agreements to sell its entertainment ticketing business, including movies, sports, and events ticketing, to Zomato Limited. The deal, valued at Rs. 2048 crore on a cash-free, debt-free basis, will see Paytm transfer its entertainment ticketing business to Zomato through its subsidiaries Orbgen Technologies Pvt Limited and Wasteland Entertainment Pvt Ltd. The transaction includes the sale of 100% stake in its subsidiaries OTPL and WEPL, which operate the TicketNew and Insider platforms, respectively, and the transfer of approximately 280 existing employees. The deal is expected to generate significant profits for Paytm and further strengthen its balance sheet. The move underscores Paytm's core focus on payments and financial services distribution, with the company expanding its offerings in insurance, equity broking, and wealth distribution in recent quarters.