As you know Zomato has launched " District " which is basically a go-to App for consumers where you can buy tickets of live events , shows , movies , night out etc.
And For Movies Zomato about to buy the Paytm's Movie booking events for I guess 200
Paytm's entertainment biz has a higher take rate at around 12% as compared to Zomato's going out business which is one of the reason they went for the acquisition. Will it be successful? Only time will tell
Zomato's another acquisition
Zomato acquired Paytm's entertainment ticketing business for 2048 crores.
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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 fintech major seeks to focus on its core financial services of
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Zomato, a food delivery company, has confirmed its interest in acquiring Paytm's movie ticketing and events business.
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