Thursday, December 19

Tag: insider.in

Paytm Acquires Majority Stakes In Mumbai-based Ticketing Platform Insider.in
13Jul By AdityaNo Comments
ACQUISITION

Paytm Acquires Majority Stakes In Mumbai-based Ticketing Platform Insider.in

One97 Comunications owned India's largest digital payments startup Paytm has recently acquired majority stakes in a Mumbai based  online ticketing and events platform Insider.in as per the report. Founded by Shreyas Srinivasan in August 2014, Insider.in will continue running the business by enabling Paytm's  more than 200 million registered customers to discover a wide range of events and book them instantly. The terms of the acquisition are not disclosed for now. “Events discovery and ticket booking is a challenge for customers and organisers alike. We believe that digital discovery and events marketing expertise will increase supply of quality events in India. This is a natural extension for us,” Madhur Deora, chief financial officer, Paytm, said in a statement. Srinivasan sa...
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Paytm Looking To Invest 193 Crore in Mumbai Based Insider.in
8May By PriyankaNo Comments
FUNDING

Paytm Looking To Invest 193 Crore in Mumbai Based Insider.in

Alibaba-backed Paytm is in discussions with Insider.in to pick up stake in the Mumbai based events platform for about Rs 193 crore. According to sources, Paytm could pump in as much as USD 30 million to pick up majority stake in Insider.in. They added that the deal could be announced in the next few weeks. Mails sent to Paytm and Insider.in did not elicit any response. Insider.in is a leading ticketing platform for events and properties, which includes the likes of Bacardi NH7 Weekender and TV series The Dewarists. If the deal fructifies, the digital payments and commerce platform will be able to strengthen its presence in the online ticketing business. The sources said Paytm has scaled up its operations in the movie ticketing business and now, the Noida-based firm is lookin...
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