New Delhi: Paytm on Thursday said it has acquired a majority stake in Insider.in, the ticketing arm of events company OML Entertainment. The acquisition, terms of which are undisclosed, will allow Paytm to integrate events listed on Insider.in on Paytm app, giving a major boost to its online ticketing service. We are excited to join forces with them and build out the best event discovery and ticketing experience in India,” OML founder Vijay Nair said in a statement. According to estimates shared by Paytm, India’s organized events industry currently stands at Rs. 4,000 crore, with online ticketing accounting for a mere 10% of the overall volume.

Source: Mint July 13, 2017 02:26 UTC