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Paytm Entertainment acquires Chennai-based e-ticketing platform – Viral News

Paytm Entertainment acquires Chennai-based e-ticketing platform

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Paytm Entertainment acquires Chennai-based e-ticketing platform


Paytm, owned by One97 Communications Limited, acquired Orbgen Technologies Private Limited, the entity that operates TicketNew, a Chennai-based online ticketing platform.

Entertainment has increased its in by more than 50 percent, and is working exclusively with single-screen theatres and regional multiplex chains including Suresh Productions, V Celluloid, and among others.


Recently, Entertainment announced a ticketing partnership with Cinemas, which owns landmark properties such as Sathyam Cinemas, Le Reve, and The Cinema, in Chennai, Hyderabad, and

“TicketNew founders have built a fantastic in South and share the same partnership mindset as Under their leadership, Paytm is seeking to connect TicketNew partner cinemas to Paytm’s more than 300 million customers and further invest in helping grow their occupancy and revenues,” said Madhur Deora, Chief Financial Officer, and SVP, Paytm.

Paytm Entertainment entered the events ticketing space in March 2016. In July last year, Paytm acquired a majority stake in “www.insider.in”, an events ticketing platform, to address the rapidly growing live entertainment space in Since this acquisition Paytm has successfully ticketed over 8000 events with over a million tickets sold.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)





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