Paytm, the leading Indian mobile payment service provider is reportedly in talks to acquire a majority stake in insider.in, Mumbai based events platform. Sources close to the development suggested that the deal size could be around ₹200 crores ($30 million) and the deal is supposed to go public in next few months.
Insider.in is a Mumbai based platform for selling tickets. Over the past, it has begged some exclusive rights of big events and established itself as a leading player in the market. If this deal goes through, Paytm will be able to establish its name in the online ticketing scenario. It has been working aggressively to capture the movie ticketing market with a lot of offers and cash backs. With this deal, Paytm could mark itself as a leading player in movie and events ticketing and provide direct competition to the likes of BookmyShow.