M&A Deal Summary

PayTM Mobile Solutions Pvt Acquires TicketNew

On May 23, 2018, PayTM Mobile Solutions Pvt acquired internet software and services company TicketNew from Damai Entertainment

Acquisition Highlights
  • This is PayTM Mobile Solutions Pvt’s 6th transaction in the Internet Software and Services sector.
  • This is PayTM Mobile Solutions Pvt’s 7th transaction in India.

M&A Deal Summary

Date 2018-05-23
Target TicketNew
Sector Internet Software and Services
Buyer(s) PayTM Mobile Solutions Pvt
Sellers(s) Damai Entertainment
Deal Type Divestiture

Target

TicketNew

Chennai, India
Orbgen Technologies Pvt. Ltd. is an online ticket booking platform for movies, theatres, events, stores, sports, parties, and other entertainment activities. Orbgen Technologies Pvt. Ltd. was established in 2007 and is based in Chennai, India.

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Buyer(S) 1

Buyer

PayTM Mobile Solutions Pvt

Noida, India

Category Company
Founded 2009
Sector E-Commerce
DESCRIPTION

PayTM Mobile Solutions Pvt Ltd. is a provider of offers online recharges and large variety of products.


DEAL STATS #
Overall 7 of 10
Sector: Internet Software and Services M&A 6 of 9
Type: Divestiture M&A Deals 2 of 2
Country: India M&A 7 of 10
Year: 2018 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-13 Wasteland Entertainment Pvt

Mumbai, India

Insider.in is an online ticketing and events platform. Insider is a platform that lets you discover and buy the best in events, travel and food in your city. Company strive to curate experiences that are worth your time and money, possibly something you have never tried before.

Buy Rs350M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-19 Cube26 Software Pvt.

New Delhi, India

Cube26 Software Pvt. Ltd. is a customised Android OS and develops various applications for OEMs to give them a competitive edge. Cube26 Software Pvt. Ltd. was founded in 2012 and is based in New Delhi, India.

Buy -

Seller(S) 1

SELLER

Damai Entertainment

Beijing, China

Category Company
Founded 1994
Sector Media
Employees1,733
Revenue 6.7B CNY (2025)
DESCRIPTION

Damai Entertainment is the flagship unit of Alibaba Group’s entertainment arm and its core businesses includes four segments: film and television production centered on IP (intellectual property); internet-based promotion and distribution combining internet technologies and traditional off-line distribution; the building and operation of e-commerce platforms for entertainment as an extension of the Alibaba Group ecosystem and international operations that consolidate global resources, technologies and talents in order to participate in the global entertainment industry. Damai Entertainment was founded in 1994 and is based in Beijing, China.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-05 TicketNew

Chennai, India

Orbgen Technologies Pvt. Ltd. is an online ticket booking platform for movies, theatres, events, stores, sports, parties, and other entertainment activities. Orbgen Technologies Pvt. Ltd. was established in 2007 and is based in Chennai, India.

Buy -