Zomato Poaches Bookmyshow Exec, Plans Stadiums for New Unit

• Zomato has hired Kunal Khambhati, former head of live events at Bookmyshow, for its 'Going Out' business unit, District.
• District, yet to launch, will include restaurant booking, payments, concerts, event bookings, staycations, and holiday rentals.
• Zomato, with cash reserves of Rs 12,500 crore ($1.5 billion), is considering investing in stadium infrastructure for live events.
• The company recently acquired Paytm’s movie, sports, and live-events ticketing business for Rs 2,048 crore ($244 million).
• Zomato's 'going-out' business posted revenues of Rs 257 crore ($30.6 million) in FY24, with a projected gross order value of Rs 10,000 crore ($1.2 billion) by FY26.

Source: The Arc