M&A Deal Summary

Zomato Acquires Paytm - Movie Ticketing Business

On August 21, 2024, Zomato acquired internet software and services company Paytm - Movie Ticketing Business from Paytm for 244M USD

Acquisition Highlights
  • This is Zomato’s 14th transaction in the Internet Software and Services sector.
  • This is Zomato’s 2nd largest (disclosed) transaction.
  • This is Zomato’s 6th transaction in India.

M&A Deal Summary

Date 2024-08-21
Target Paytm - Movie Ticketing Business
Sector Internet Software and Services
Buyer(s) Zomato
Sellers(s) Paytm
Deal Type Divestiture
Deal Value 244M USD

Target

Paytm - Movie Ticketing Business

Noida, India
Paytm's Movie Ticketing Business provides ticketing services for movies, sports and events.

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Buyer(S) 1

Buyer

Zomato

Gurgaon, India

Category Company
Founded 2008
Sector Internet Software and Services
Employees3,988
Revenue 121.1B INR (2024)
DESCRIPTION

Zomato is a restaurant and dining web portal. Zomato was founded in 2008 and is based in Gurgaon, India.


DEAL STATS #
Overall 14 of 14
Sector (Internet Software and Services) 14 of 14
Type (Divestiture) 3 of 3
Country (India) 6 of 6
Year (2024) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-24 Blinkit

Gurgaon, India

Blinkit is a local e-commerce mobile platform that is transforming the shopping experience of consumers by connecting them to local stores. Blinkit was founded in 2013 and is based in Gurgaon, India.

Buy $568M

Seller(S) 1

SELLER

Paytm

Noida, India

Category Company
Sector Communications
Revenue 79.9B INR (2023)
DESCRIPTION

Paytm is a Mobile Value Added Service company through its mobile content, messaging, commerce services, and made-to-order network applications, it offers new revenue streams to telecom operators. Working closely with service providers and enterprises, the company offers customer lifecycle management and mobile marketing to enhance profitability. Paytm is based in Noida, India.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
Country (India) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-01 PayTM Mobile Solutions Pvt

Noida, India

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

Buy -