Zomato to Launch New App 'District' for Expanding 'Going-Out' Business

What your thought about this app ? Btw any idea how can i be part of this new app ? What should i do to join their new team ?

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?

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? 🚀

How important is Blinkit to Zomato? How long will the 10 min delivery burn games go on for? Any insider POVs?

Have heard enough rumors now about Zomato going all out and making a going out section for shopping on the app. Some say they might have new additional app All together. When is this coming out? Is it called edition ?

Zomato folks, spill some tea!

- Deepinder Goyal has become a billionaire following a record rally in Zomato shares, which have surged over 300% since July 2023. - Zomato's stock hit a new high of Rs230 on the BSE, boosting its market cap past Rs1.8 trillion and making Goyal India's richest professional manager with a net worth of Rs8,300 crore. - The surge in stock is driven by expectations that Zomato's quick commerce business, Blinkit, will outperform peers and turn profitable sooner than anticipated. - Analysts expect Blinkit to surpass Zomato's food delivery business in gross order value (GOV) and strengthen its market position, despite a longer path to sustainable EBITDA margins. - Goldman Sachs values Blinkit at $13 billion, higher than Zomato's core food delivery business, predicting significant growth in GOV and EBITDA by FY29. Source: Money Control