Paytm acquires majority stake in

Paytm acquires majority stake in

Paytm acquired a majority stake in the ticketing platform for events and properties, including NH7 Weekender, EDC and Fest larva, for an undisclosed amount.

This will allow all Paytm customers to discover a wide range of events and book immediately, according to a company statement.

The industry event organized by the country is currently at Rs 4,000 crore, with organized sports leagues and events representing the majority of ticket sales, according to industry estimates.

The online ticket is only 10% of the total volume due to the discovery of limited facts.

After setting up its online ticketing service spanning 3,500 screens in 550 cities Paytm has grown in sales and uncovering events, helping customers discover events on their platform in a statement.

“The booking of discovery tickets and the event is a challenge for customers and organizers … We believe the digital discovery and experience in event marketing will increase the supply of quality events in India.

This is a natural extension for us as we continue to build for India for movies and online events, “said Madhur Deora, chief financial officer and SVP, in a statement.

Privileged curator of events and experiences that users can discover perfection the best way to spend their free time. The platform also provides tools, data and analysis to the organizers that allow them to conceptualize, market and execute their events more efficiently.

This partnership with Paytm allows to reach out to more organizers and exponentially expand this ecosystem in India, he said. DSR NRB

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