India's Zomato expands movie and event ticketing business with $244m Paytm deal

India's Zomato expands movie and event ticketing business with $244m Paytm deal

FILE PHOTO: The logo of Indian food delivery company Zomato is seen on its app on a mobile phone displayed in front of its company website in this illustration picture taken July 14, 2021. REUTERS/Florence Lo/Illustration

India’s Zomato said on Wednesday it will acquire the movie and events ticketing businesses of digital payments firm Paytm for $244.2 million as the food delivery platform looks to beef up its fast-growing ticketing business.