The move is in line with Zomato's plans to expand its 'going out' offerings.
According to the report, the potential deal could value Paytm's vertical at around Rs 1,500 crore.
Zomato or Paytm have not yet commented on the report.
If finalized, the acquisition will be Zomato's second-biggest purchase in 2021 after its acquisition of instant commerce platform Blinkit, which was an all-stock deal worth Rs 4,447 crore.
Meanwhile, Zomato has invested Rs 300 crore in its instant commerce arm, Blinkit, as the segment is projected to overtake its core food delivery business.
According to Registrar of Companies filings accessed via TheKredible, the company's board has approved an investment of Rs 300 crore in Blinkit Commerce.
Additionally, Zomato will also invest Rs 100 crore in its events arm Zomato Entertainment, which specializes in creating and selling tickets for concerts, parties and festivals.
According to the report, the potential deal could value Paytm's vertical at around Rs 1,500 crore.
Zomato or Paytm have not yet commented on the report.
If finalized, the acquisition will be Zomato's second-biggest purchase in 2021 after its acquisition of instant commerce platform Blinkit, which was an all-stock deal worth Rs 4,447 crore.
Meanwhile, Zomato has invested Rs 300 crore in its instant commerce arm, Blinkit, as the segment is projected to overtake its core food delivery business.
According to Registrar of Companies filings accessed via TheKredible, the company's board has approved an investment of Rs 300 crore in Blinkit Commerce.
Additionally, Zomato will also invest Rs 100 crore in its events arm Zomato Entertainment, which specializes in creating and selling tickets for concerts, parties and festivals.
