This 1600-1750 Cr acquisition aims to boost Zomato's ‘going out’ businesses, adding to its food and grocery segments.
If finalized, this will be one of Zomato's largest buyouts after acquiring Blinkit for Rs 4,447 crore.
Paytm Movies is a close competitor to BookMyShow, valued at Rs 7,500 crore.
With 18.4 million monthly users in food delivery and 6 million in quick commerce, Zomato plans to cross-sell services.
The Indian box office grossed Rs 12,226 crore in 2023, surpassing pre-Covid numbers, a promising sign for Zomato’s new venture.