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.
Japanese investment giant SoftBank is likely to sell shares of online food delivery platform Zomato worth $135 million (about Rs 1,125.5 crore) via a block deal, media reports said on Thursday.
The shares translate to up to 296.1 million shares, according to a term sheet seen by The Wall Street Journal.
Online food delivery platforms Zomato and Swiggy have received GST notices worth Rs 500 crore each on delivery charges, media reports said on Wednesday.
Zomato-owned quick delivery platform Blinkit saw its losses increase 8.2 per cent to reach Rs 1,078.9 crore in FY23 from Rs 996.7 crore in FY22, the media reported on Thursday.
Japanese investment giant SoftBank's venture capital fund SVF Growth is reportedly set to sell 1.1 per cent stake in food delivery platform Zomato for around Rs 1,024 crore.
