TicketNew is now a part of the Paytm family

We are happy to announce that we have acquired Orbgen Technologies Private Limited, the firm that operates Chennai-based online ticketing platform TicketNew.

This happens at an exciting time! We have recently increased our online penetration by more than 50% and become the country’s fastest growing entertainment ticketing platform. We have built a strong business in South India and are working exclusively with iconic single screen theatres & regional multiplex chains including Suresh Productions, V Celluloid, SVC and Anusri Cinemas among others. We have also partnered with SPI Cinemas, which owns landmark properties such as Sathyam Cinemas, Le Rêve, The Cinema, in Chennai, Hyderabad, and Mumbai.

Madhur Deora, Chief Financial Officer, and SVP, Paytm said, “We are on a mission to be the one-stop destination for all movie and entertainment ticketing needs. It is our goal to be the leader in every city in India and offer the opportunity to all cinema partners to reach Paytm’s customers. TicketNew founders have built a fantastic business in South India and share the same partnership mindset as Paytm. Under their leadership, Paytm is seeking to connect TicketNew partner cinemas to Paytm’s more than 300 million customers and further invest in helping grow their occupancy and revenues. With this acquisition, we have taken a step closer to our goal of making Paytm Entertainment the №1 player in this space.”

We are excited to welcome TicketNew to join our mission of simplifying movie ticketing in India!