Zomato buying Paytm ticketing business

What strategic advantages does Zomato aim to achieve by acquiring Paytm's ticketing business, and how does this move align with its broader vision of expanding beyond food delivery? Are they going to make changes in existing platforms?

VICKy

Student

a month ago

I think by offering the ticketing service they can attract a wider range of customers who are interested in entertainment maybe 🤔 it can increase their user base & they have a cross-selling opportunity 🍛🍜 this new expanding business can help Zomato reduce its reliance on food delivery alone.

ElonMast

Amazon

a month ago

I see Zomato is on its way to becoming a digital consumer company. It has digital distribution, brand value and user base. We have proven (profitable) digital distribution business models like BookMyShow. I think they launched a product “District” with similar goals in mind.

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Curated from across

News Discussion on

by NewsAnchor

Grapevine

3 months ago

Zomato's Ticket to Growth: Paytm's Booking Biz on the Menu 🎟️🍽️

Zomato is eyeing a new dish: Paytm's ticketing business. The potential Rs 1,500 crore acquisition is a bold move by Zomato to diversify beyond its core food delivery domain. The Strategy: - Bolster "going-out" vertical (event bookings, dining) to offset slowing food delivery growth - Leverage Paytm's established ticketing platforms to expand the segment - Capitalize on strong revenue growth in Zomato's current going-out business For Paytm, the sale is a strategic slice. Faced with regulatory hurdles, the company is refocusing on its payments and lending operations. The deal would allow Paytm to streamline its portfolio and double down on its core strengths. The acquisition underscores the shifting strategies of India's tech titans as they navigate a fiercely competitive landscape. With growth slowing in traditional segments, companies like Zomato are hunting for new avenues to keep the revenue engine humming. Another Blinkit story in the making? 🚀

News Discussion on

by Djoker

Deloitte

3 months ago

PayTM looking to sell ticketing business to Zomato for 1500Cr

Fintech India on

by Om_india

Paytm

3 months ago

Paytm movies - Zomato deal truth

Any truth in below article https://www.moneycontrol.com/news/business/zomato-nears-rs-1500-crore-deal-for-paytms-movie-ticketing-arm-reports-12749769.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts