Pradnyashil Gajbhiye’s Post

Zomato’s Next Big Move! Zomato is in advanced talks to acquire Paytm's movies and ticketing business, aiming to expand its going-out vertical. This move could be a game-changer, valued at around Rs 1500 crore! Imagine combining dining, events, and entertainment under one roof. This acquisition aligns perfectly with Zomato’s strategy to capture more of the consumer's discretionary spending. With 18.4 million monthly food delivery users and 6 million engaged in quick commerce, Zomato possesses an extensive customer base primed for cross-selling. The Indian box office shattered records in 2023, grossing Rs 12,226 crore, surpassing pre-COVID levels. Meanwhile, the live events sector is projected to surge to Rs 14,300 crore by 2026. Kudos to Zomato for constantly innovating and striving to enhance user experience. This acquisition could set a new standard in the industry, making our outings more enjoyable and convenient. #Zomato #Paytm #BusinessExpansion #Startup #Innovation #Entertainment #FoodDelivery #GrowthStrategy

You must have heard about the big move by Zomato! Here is what you should know!!👇 Zomato Acquired Paytm's entertainment ticketing business for 𝐑𝐬 2,048 𝐜𝐫𝐨𝐫𝐞. This strategic move is aimed at expanding Zomato's relevance beyond food delivery, and it makes perfect sense. With dining-out and event ticketing already contributing 𝐑𝐬 3,225 𝐜𝐫𝐨𝐫𝐞 to Zomato's GOV in FY24, growing at 136% 𝐘𝐨𝐘, this acquisition will further boost their growth. The ticketing business, which includes movies, sports, and events, will be spun off into a dedicated app named '𝑫𝒊𝒔𝒕𝒓𝒊𝒄𝒕', set to launch in the next few weeks. This app will cater to the "𝒈𝒐𝒊𝒏𝒈-𝒐𝒖𝒕" segment, a category still fragmented in India. Zomato aims to provide a 𝒐𝒏𝒆-𝒔𝒕𝒐𝒑 𝒔𝒐𝒍𝒖𝒕𝒊𝒐𝒏 for various entertainment needs, including booking movie tickets, IPL tickets, dining reservations, live entertainment, and more. What I find interesting is Zomato's approach to building a '𝒔𝒖𝒑𝒆𝒓 𝒃𝒓𝒂𝒏𝒅' rather than a 'super app'. By creating a separate app for entertainment and lifestyle activities, they're focusing on fostering a 𝒖𝒏𝒊𝒒𝒖𝒆 𝒃𝒓𝒂𝒏𝒅 𝒂𝒔𝒔𝒐𝒄𝒊𝒂𝒕𝒊𝒐𝒏 and enhancing customer loyalty—something Swiggy isn’t doing right now. 🤔 I think this move is also a great example of how companies can leverage strategic acquisitions to expand their offerings and grow their customer base. Paytm, on the other hand, is focusing on its core areas of payments and financial services distribution, with significant opportunity to cross-sell these services and grow its market presence. Let me know what you think of this master move by Zomato in the comments!👇 #zomato #paytm #acquisition #district #startup

Zomato just acquired Paytm’s Entertainment ticketing business for a whopping Rs 2,048 Crore! Fair to say, it’ll now become the go-to platform for all things "going-out" and “eating out”😜 And this is a brilliant move by Zomato. Here's Why: 1. Market Expansion: Paytm's ticketing business has user base and infrastructure that Zomato can leverage = New reach into Paytm's massive 300 Mn user base (much beyond Zomato’s existing 30 Mn+ users) 2. Seamless User Experience: Imagine booking a movie ticket and ordering popcorn and drinks through the same app ;) 3. Revenue Stream Diversification: Ticketing offers a new revenue stream for Zomato, reducing dependence solely on food delivery commissions. As of now the company receives ~2 Lakh orders every day, clocking a GOV of INR 263.1 Bn in FY23. But of course, this move is not without its challenges. Dominant player BookMyShow, with a 78% market share, will pose a formidable competitor. Zomato will need to innovate aggressively and optimize pricing to overcome this hurdle! But all in all, with Paytm struggling, can Zomato extract value and make things work? The ball is in Zomato's court :) After their smash-hit Blinkit acquisition, can they pull off another knockout punch? Only time will tell. What are your thoughts on this move? #india #business #acquisitions #startup

As Zomato stretches its toes into the ticketing business with a humongous acquisition of Rs. 2,048 crore, it is best we walk down the memory lane of the various ventures Zomato has attempted to sneak into. Well, for starters: 1. It's leap into quick-commerce platform via Blinkit had truly turned tables around in the arena 2. Zomato's hyperlocal delivery service Xtreme couldn't stand stiff competition from existing giants like Porter, Dunzo, Swiggy Genie to name a few 3. The Intercity Legends, that service which aimed to deliver iconic dishes from various cities across India to different parts of the country, also failed to yield anything fruitful A 33.33% success rate? Not too bad, I say! #zomato #business #stakes

Zomato acquires Paytm Insider 🍿 Another day, another breakthrough! Paytm has divested its #entertainment ticketing business, including the Insider platform, by selling it to Zomato for Rs 2,048 crore. The transaction, disclosed in a stock exchange filing on Wednesday, includes the transfer of Paytm's TicketNew and Insider platforms, which handle movie, sports, and live performance ticketing. During a transition period of up to a year, users will still be able to purchase tickets through the Paytm app, as well as on TicketNew and Insider. Impact on Paytm: • Focus on Core Business: By selling its entertainment ticketing business, Paytm can streamline its operations and concentrate on its primary focus areas—payments and financial services. • Capital Generation: The sale will generate Rs 2,048 crore, which can be reinvested into strengthening its core business segments. • Employee Transition: Approximately 280 employees from the entertainment ticketing division will move to Zomato, reducing Paytm's workforce in non-core areas. Impact on Zomato: • Expansion of Service Offerings: Acquiring Paytm's entertainment ticketing business will allow Zomato to diversify its portfolio beyond #food delivery and #restaurant bookings. • Increased Market Share: Zomato will gain a stronger foothold in the entertainment ticketing industry, which could lead to increased #market share and customer base. • Employee Integration: Zomato will inherit around 280 employees from Paytm, expanding its team with experienced professionals in the entertainment ticketing sector. • Transition Period Operations: Zomato will need to manage operations during the transition period, ensuring a smooth integration while maintaining customer access to services through both Paytm and the acquired platforms. Also, hours after the deal was announced, Paytm shares jumped 5% and Zomato India shares rose by around 2%.📈 Who do you think will benefit more from this deal, Zomato or Paytm ?? How do you think this deal will boost Zomato's gross order value (#GOV) from its dining-out segment to more than Rs 10,000 crore by #FY26.?? Comment your thoughts below!👇🏻 #zomatopaytmdeal #zomato #paytm #entertainmentindustry #foodelivery #dining #ticketnew #revolution #expansion

Zomato just acquired Paytm's Entertainment ticketing business for a whopping Rs 2,048 Crore! Fair to say, it'll now become the go-to platform for all things "going-out" and "eating out" And this is a brilliant move by Zomato. Here's Why: 1. Market Expansion: Paytm's ticketing business has user base and infrastructure that Zomato can leverage = New reach into Paytm's massive 300 Mn user base (much beyond Zomato's existing 30 Mn+ users) 2. Seamless User Experience: Imagine booking a movie ticket and ordering popcorn and drinks through the same app ;) 3. Revenue Stream Diversification: Ticketing offers a new revenue stream for Zomato, reducing dependence solely on food delivery commissions. As of now the company receives ~2 Lakh orders every day, clocking a GOV of INR 263.1 Bn in FY23. But of course, this move is not without its challenges. Dominant player BookMyShow, with a 78% market share, will pose a formidable competitor. Zomato will need to innovate aggressively and optimize pricing to overcome this hurdle! But all in all, with Paytm struggling, can Zomato extract value and make things work? The ball is in Zomato's court :) After their smash-hit Blinkit acquisition, can they pull off another knack out punch ? Only time will tell. What are your thoughts on this move ? . . . . . #wolfofstartup #paytminsider #zomato #paytm #deepindergoyal #news #wolfofstartup #startupbusiness #startupindia #startupideas #startupidea #businessidea #businessmotivation #getupandstartup #startupstory #startupacquisition

Zomato Acquires Paytm's Entertainment Ticketing Business in ₹2,048 Crore Deal 🍱🎟️ Zomato, the Indian food delivery giant, has acquired Paytm's entertainment ticketing business for $244.1 million, marking a strategic expansion into the "going out" sector. This acquisition, one of the largest among Indian tech companies, includes Paytm's movie, sports, and event ticketing services. As part of the deal, Paytm's app will continue hosting these services for up to 12 months, with 280 employees transitioning to Zomato. The move aligns with Zomato's broader strategy to diversify its offerings and could significantly enhance its ambitions to become a comprehensive platform for dining and entertainment. Meanwhile, Paytm is refocusing on its core fintech operations amid increased regulatory scrutiny. Video Link:- https://lnkd.in/evrMkS9U #zomato #paytm #paytmentertainment #paytmticket #zomatopaytmdeal #zomatoacquirepaytmentertainmentticketing #mediaandentertainment #businessnews #acquisitions #acquisitionnews #zomatoupdate #paytmnews #bengalurunews #bangalore #gurgaonnews #startupera #startupera_in Zomato Paytm

💥 Zomato's Big Bet on Entertainment: Valuations That Turn Heads!! Zomato just shook things up with a ₹2,048 crore acquisition of Insider and TicketNew from Paytm. What's the buzz? 🤔 This deal is valued at 7 times the revenue and over 70 times adjusted EBITDA! That's a hefty price tag, but why did Zomato go for it? For Paytm it's all about focusing on their core—payments and financial services. Shedding the ticketing business not only frees up resources but also adds ₹2,050 crore in much-needed cash to their balance sheet. 💸 Zomato on the other hand, is eyeing expansion. With its sights set on pushing its live events and entertainment business to ₹10,000 crore by 2026, this move seems like a calculated step to up its game. 🎟️ What do you think? Is this a smart play by Zomato, or is it biting off more than it can chew? Drop your thoughts below! 👇 Ayush Aggarwal

𝗣𝗔𝗬𝗧𝗠 𝗼𝗻 𝗮𝗴𝗿𝗲𝗲𝗺𝗲𝗻𝘁 𝘁𝗼 𝘀𝗲𝗹𝗹 𝘁𝗶𝗰𝗸𝗲𝘁𝗶𝗻𝗴 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝘁𝗼 𝗭𝗼𝗺𝗮𝘁𝗼 Zomato, an Indian food delivery giant, has decided to buy Paytm's entertainment ticketing business for ₹2,048 crore. This means Zomato will now manage things like movie and event ticket bookings, which Paytm was previously handling. As part of this deal, about 280 employees who worked for Paytm in this ticketing business will now work for Zomato. This ticketing business made ₹297 crore in revenue and ₹29 crore in profit last year. 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐅𝐨𝐜𝐮𝐬: Zomato: The acquisition aligns with Zomato's strategy to diversify into the "going-out" sector, broadening its services to include entertainment, events, and lifestyle activities. Paytm: The sale will allow Paytm to focus on its core business areas, such as payments and financial services distribution. The cash proceeds from the deal are expected to strengthen Paytm’s balance sheet. 𝐙𝐨𝐦𝐚𝐭𝐨(𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐏𝐫𝐢𝐜𝐞) – ₹258, 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐚𝐩- ₹ 2,27,792 𝐂𝐫. . . . . . . Rishabh Kale #Financenews #markettrends #INDIANstartups

🔍 Why Zomato Acquired Paytm’s Movie Ticketing Business? Zomato's acquisition of Paytm’s movie ticketing business might seem minor at first glance, but it’s a strategic play with far-reaching implications. The core food delivery segment of Zomato has been experiencing a slowdown, with recent results indicating a decline in gross order value. This slowdown suggests that the growth phase of the food delivery industry might be reaching its limits, especially as market penetration nears saturation. To counter this, Zomato is not just relying on its quick-commerce arm, Blinkit which is currently outpacing its food delivery business in terms of growth. However, the future of quick-commerce in tier-2 and tier-3 cities remains uncertain. Thus, Zomato is exploring additional avenues for growth. Enter Zomato's “Going-out” vertical, which includes dining and live events. While this segment is currently a minor contributor to revenue, expanding into movie ticketing is a strategic move to boost its share of lifestyle expenses and engage users more deeply. By integrating Paytm’s ticketing platform, Zomato aims to capture a larger slice of consumer spending on entertainment, potentially increasing user engagement and revenue through convenience fees and targeted ads. In essence, this acquisition is about bolstering Zomato’s growth engine beyond its core food delivery and quick-commerce businesses. It represents a calculated step towards evolving Zomato into a comprehensive lifestyle platform that taps into a broader spectrum of consumer needs. #Zomato #Acquisition #BusinessStrategy #Growth #TechNews #Entertainment #Paytm