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Tuesday, May 9, 2017

Paytm may invest Rs 193 crore in events platform

Paytm may invest $30 million (around Rs 193 crore) in mumbai based events platform Paytm spokesperson said, Paytm wants to get a pie of the events business, which is a natural extension given it is already present in the movie-ticketing space. The firm is interested in for its youth-oriented base of users.

Also read: Popular Startups backed by Ratan Tata was founded by Shreyas Srinivasan in August 2014 and is operated by OML (Only Much Louder) Entertainment Pvt. Ltd, which behind annual, multi-city music festival Bacardi NH7 Weekender and TV series The Dewarists. It is a curated lifestyle platform that gives users access to select events and products.

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