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? 🚀
