Paytm sells entertainment ticketing business to Zomato for Rs 2,048 crore
The transfer will also include 280 existing employees from the entertainment ticketing business at the company.
The transfer will also include 280 existing employees from the entertainment ticketing business at the company.
Announced on the occasion of Raksha Bandhan, the international order service on the platform is available till August 19, the company said in a statement.
Online food delivery platform Zomato has received a fresh Goods and Service Tax (GST) demand notice for about Rs 9.45 crore with interest and penalty.
The Zomato-owned Blinkit’s rival had just raised $665 million at a $3.6 billion valuation in a highly oversubscribed round.
Online food delivery platform Zomato is in advanced discussions to buy Paytm's movie ticketing and events business, according to multiple reports.
In light of recent inquiries and speculations concerning Paytm's availability as a payment method on service providers including Uber, Swiggy, Zomato and other platforms, Paytm has come forward to address and clarify the situation for its users and stakeholders.
Notably, the food delivery platform incorporated ZPPL in August 2021 with an initial subscription of 10,000 equity shares of Rs 10 each, aggregating to Rs 1,00,000.
The quick grocery and food delivery platforms received huge orders as revellers preferred to stay home to celebrate the New Year.
The show-cause notice to Zomato is for the period between October 29, 2019, and March 31, 2022, according to media reports.
Online food platform Zomato on Thursday said it has not made any offer to acquire homegrown logistics solution provider Shiprocket for nearly $2 billion (more than Rs 16,600 crore).
