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Zomato 𝐭𝐨 𝐛𝐮𝐲 Paytm 𝐈𝐧𝐬𝐢𝐝𝐞𝐫 𝐟𝐨𝐫 2,048 𝐜𝐫𝐨𝐫𝐞! 😮 So Zomato’s Shopping Cart went From Blinkit to Blockbusters! 😍 As the news broke, Zomato shares surged by 3% once again. During a transition period of up to 12 months, the entertainment ticketing services will continue to be accessible via the Paytm app only. This arrangement provides Paytm's user base with time to adapt, while Zomato prepares to integrate these services into its existing platform. A tough competitor to BookMyShow, Paytm Insider has been a key player in the market since its launch in 2017. One97 Communications Limited will transfer its movie ticketing business and sports and events ticketing business to its wholly-owned subsidiaries OTPL and WEPL, respectively, through a slump sale. This strategic transaction signifies a pivotal shift in the focus of both companies, with Paytm redirecting its efforts toward its core competencies in payments and financial services, while Zomato expands its portfolio beyond food delivery. Exciting times ahead for both companies! 🤝 #zomato #paytm #bookmyshow #acquisition #linkedinforcreators #linkedin #contentcreator

🚀 Exciting News! Food delivery giant Zomato is in advanced discussions to acquire Paytm's movie ticketing and events business, according to Bloomberg. This strategic move aligns with Zomato's plan to expand its 'going out' offerings, potentially valuing Paytm's vertical at approximately Rs 1,500 crore. If finalized, it would be Zomato's second-largest acquisition after Blinkit in 2021. This deal will help Zomato diversify into entertainment, complementing its existing food and grocery services. Meanwhile, Paytm will focus on travel, deals, and cashback sectors. Stay tuned for more updates! 🎬🍕📈 #Zomato #Paytm #Acquisition #BusinessNews #TechNews #Bloomberg #EconomicTimes #GoingOut #Entertainment #FoodDelivery #QuickCommerce #StrategicMove #Expansion #BusinessGrowth

Hey LinkedIn family !! Here we come with another exciting news.. Zomato to buy Paytm's entertainment and ticketing business for Rs.2048 crores as the food delivery giant looks to expand its presence in the 'going-out' segment, while the embattled fintech major seeks to focus on its core financial services offerings. Meanwhile, Paytm's combined entertainment ticketing business achieved Rs 297 crore in revenue and Rs 29 crore in Adjusted EBITDA in FY24. The fintech said that it had built its movie ticketing business from the ground up and acquired Insider and Ticket New for Rs 268 crore between 2017 and 2018. In FY24, the business being acquired generated a combined GOV of over Rs 2,000 crore (29% YoY growth) by enabling purchase of 78 million tickets by more than 10 million unique customers on its platform. What's your opinion whether Zomato stocks 📈 or Paytm stocks 📉 ?? Do comment your opinion!! moneycontrol.com Business Standard #finance #zomato Zomato

*Zomato Acquires Paytm's Ticketing Business*  * Strategic Acquisition: Zomato has acquired Paytm's entertainment ticketing business for ₹2,048 crore, strengthening its presence in the 'going-out' sector.  * Synergies: The deal will allow Zomato to leverage Paytm's existing customer base and ticketing expertise, enhancing its offerings beyond food delivery.  * Focus on Core Business: Paytm, on the other hand, will focus on its core payments and financial services business.  * Financial Impact: The acquisition is expected to generate significant profits for Paytm, strengthening its balance sheet. Breaking News: Zomato continues its expansion spree! The food delivery giant has acquired Paytm's entertainment ticketing business for a whopping ₹2,048 crore. This strategic move positions Zomato as a leading player in the 'going-out' sector, offering a wider range of services to its customers. Conclusion: Zomato's acquisition of Paytm's ticketing business is a strategic move that positions the company as a major player in the 'going-out' sector. By combining its food delivery expertise with Paytm's ticketing platform, Zomato aims to offer a comprehensive suite of services to its customers, driving growth and profitability. zomato's cmp - 257 Nifty 50 - 24811 Zomato's Mcap - 2,27,862 Cr Paytm cmp - 556 Paytm Mcap: 35295 Cr #Zomato #Paytm #Acquisition #FoodTech #Entertainment #BusinessNews

Paytm has announced it will sell its entertainment ticketing business to Zomato for an impressive Rs 2,048 crore. This strategic move marks a significant shift in both companies' focus areas. 🎟️🍽️ Key Highlights: 1. Transaction Details: Paytm’s entertainment ticketing business, including platforms TicketNew and Insider, will be acquired by Zomato on a cash-free, debt-free basis. The deal also includes around 280 employees from these subsidiaries. 2. Strategic Shift: With this acquisition, Paytm will concentrate on enhancing its core payments and financial services, reflecting a pivot towards strengthening its primary business. 3. Continued Access: For up to 12 months, the entertainment ticketing services will still be available on the Paytm app during the transition period. This acquisition underscores Zomato’s expansion into new verticals beyond food delivery, while Paytm focuses on solidifying its position in financial services. It’s a testament to the dynamic and evolving nature of the tech and digital landscape in India. #Zomato #Paytm #Acquisition #DigitalTransformation #TechNews #BusinessStrategy #Entertainment #FinancialServices

This is diversification or di-worsefication, only time will tell. My bet is on di-worsefication. Historically, when companies acquire businesses which are not related to their core operations, most of the times they end up regretting it. Zomato already did some questionnable acquisitions but i guess till stock prices are going up - we will forget everything. However little, excess cash should be used in buying back your equity. I personally believe that in next 5 years- zomato should be available in sub 50k crore market cap

📢 Zomato Acquires Paytm Insider: A Strategic Move for Future Growth Zomato's acquisition of Paytm's movie ticketing business, Paytm Insider, may seem small at first glance, adding just ~2.5% to Zomato’s top-line. But there's more than meets the eye. With its core food business slowing down and the quick-commerce arm Blinkit facing potential future challenges in scaling, Zomato needs a new growth engine. Enter the "Going-out" vertical. By integrating Paytm Insider, Zomato can tap into the lucrative events and ticketing market, increasing user engagement and wallet share. This move isn't just about revenue today—it's about securing growth tomorrow. #Zomato #PaytmInsider #GrowthStrategy #MergersAndAcquisitions #FutureOfCommerce

Zomato's stock took a slight dip, trading at ₹260 (-0.01%), after announcing its ₹2,048 crore acquisition of Paytm’s entertainment ticketing business. Meanwhile, Paytm's shares climbed to ₹583 (+1.56%), reflecting a positive market reaction. This acquisition includes Paytm's movie, sports, and event ticketing platforms like Paytm Insider and TicketNew. The deal, expected to close this quarter, will also bring approximately 280 Paytm employees under Zomato's wing. Zomato aims to integrate these assets into a new app, "District," targeting a ₹10,000 crore gross order value by FY26. By NEERAJ TIWARI Link – https://lnkd.in/dhr_pzjK #Zomato #Paytm #StockMarket #Acquisition #EntertainmentBusiness #PaytmInsider #TicketNew #DistrictApp #MarketNews #BusinessStrategy #Investment #TechNews #MergersAndAcquisitions #MarksmenDaily #TeamMarksmen #inFocus

Zomato's Bold Move: Expanding From Plates To Platforms Zomato's recent acquisition of Paytm's entertainment ticketing business for ₹2,048 crore marks a significant shift in its business strategy, expanding beyond food delivery into the entertainment sector. This move includes the takeover of Paytm's subsidiaries, TicketNew and Insider, bringing 280 employees into the Zomato fold. The combined business generated over ₹297 crore in revenue in FY24 with a GOV of more than ₹2,000 crore, growing at 29% YoY. As Zomato integrates these new assets, it positions itself to compete directly with established players like BookMyShow. But with new opportunities come new challenges. Can Zomato seamlessly merge food and entertainment under one roof and sustain its growth trajectory, or will this diversification stretch its resources too thin? #Acquisition #BusinessGrowth #Entertainment #FoodTech #Strategy #MarketExpansion Paytm Paytm Insider

Zomato, the leading food delivery company, is currently in the process of negotiating to buy Paytm's movie ticketing🎟️ and events division, according to a report from Bloomberg. This tactical decision is in line with Zomato's strategy to grow its 'out of home' services. The possible agreement could assign a value of around Rs 1,500 crore to 2,000 crore💰 to Paytm's specific segment. If the deal is completed, it will be Zomato's second-biggest acquisition, just after buying the quick commerce platform Blinkit (formerly known as Grofers) in 2021. This purchase was done on a share basis and was worth Rs 4,447 crore, as reported. #zomato #blinkit #paytm #nifty #investment #stockmarket