Zomato completed the acquisition of the entertainment ticketing business of Paytm for $244m.

Zomato, an Indian food delivery and quick commerce company, completed the acquisition of the entertainment ticketing business of Paytm, a digital payments start-up that offers innovative and intuitive digital products and services for customers and merchants, for $244m. "We built the entertainment ticketing business by addressing the market needs of the time. Today, as it transitions to Zomato ownership, we thank every team member who contributed to building this business. It has been a privilege to grow this business with an incredible team. This move allows us to continue focusing on long-term growth in our core areas and value creation for all stakeholders," Paytm.