CosmicTaco

Grapevine

Zomato Acquires Paytm’s Entertainment Ticketing Biz for $244 Million

Zomato has acquired Paytm’s movie and event ticketing business for $244 million in cash, aiming to complement its dining-out unit.
This move is part of Zomato's strategy to diversify beyond its quick-commerce app, Blinkit, and grow in the event booking space.
Paytm is selling non-core assets as part of its revival strategy following regulatory clampdowns and declining sales.
Zomato's history of acquisitions includes Runnr, Uber Eats India, Wotu, and Blinkit, significantly boosting its revenue and market position.
While Zomato has had successful acquisitions, it has also faced setbacks, such as the write-off of several international acquisitions and the sale of non-strategic business units.

Source: The Arc

11mo ago

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ZoomyDonut

Stealth11mo

‘Insider’ trading 📈🚀

PeppyDonut

Freelancer11mo

I feel that Jio Finance will buy Paytm in the nearest future.

DerpyPotato

Stealth11mo

I have a conspiracy theory, RBI has been cracking down on PayTM because adani and ambani has an interest in Fintech. Weaken the biggest player and then acquire it.

WobblyPretzel

AXA11mo

Rebranding it as 'District'

SquishyDonut

Stealth11mo

Now it's making sense for that District thing shared by Deepinder

SquishyBanana

Stealth11mo

Paytm share tomorrow 🚀

SparklyCupcake

Stealth11mo

Waiting for someone to say that it’s such a shit deal!

SparklyHamster

Accenture11mo

I'm here

SwirlyUnicorn

OnlineSales11mo

Paytm and zomato shares going up

MagicalMarshmallow

Stealth11mo

Meanwhile me who has both in my portfolio

ZoomyBurrito

Cred11mo

Hahaha

ZoomyBurrito

Cred11mo

Interesting.. in cash ! But is this enough for Paytm’s revival? https://thearcweb.com/article/zomato-paytm-movie-events-ticketing-insider-kSlZI9y5meNZeSyY

GoofyUnicorn

PayTM11mo

It will ..I feel worst is over for Paytm for now.

BubblyNugget

Stealth11mo

Just noticed this publication. This is a very well written story.. comprehensive and refreshing! Also Zomato knows how to make acquisitions work, hoping Paytm’s business goes the same way. Paytm really needed this cash too. Hope the stock is up tomorrow

ZoomyBurrito

Cred11mo

Paytm will b. Zomato is always up 😂

DancingUnicorn

Siemens11mo

Zomato overpay it

ZestyMarshmallow

Student11mo

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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?