PrivateCircle’s Post

Paytm in Talks to Sell Ticketing Business to Zomato in Strategic Shift Paytm is reportedly in talks with Zomato to sell its movie and events ticketing business. This move comes as Paytm focuses on its core fintech business after facing declining sales. Zomato, with its growing cash reserves, it's an opportunity to expand its food delivery offering by integrating events and ticketing into its app. For Paytm, the ticketing business is a growing but non-core vertical. While Paytm Insider saw revenue jump in FY23, it still represents a small portion of their overall income. Zomato, on the other hand, is already investing in this area with a dedicated "Events" tab and aims to diversify beyond food delivery. This potential deal reflects both companies' current positions. Paytm needs to streamline operations after regulatory hurdles, while Zomato seeks growth opportunities. Both companies have confirmed the discussions but no final agreement has been reached. This is a space to watch as the Indian food and entertainment landscape evolves. What do you think? #zomato #paytm #ecommerce

ZOMATO TO BUY OUT PAYTM'S MOVIES BUSINESS There could be disruption/ competition in the movies booking/ entertainment booking space finally! We’ve all been used to making theatre/ movie bookings on BookMyShow for years now and they’ve been a market leader But yet over the years they’ve not done anything dramatic for us as customers We can perhaps expect something new to come in when Zomato buys out the Paytm vertical of entertainment and the deal could be closed out anytime soon While PayTM that’s been in a lot of services as illustrated in the chart below can exit from one vertical that’s not really their core and was part of the #ecommerce businesses, it will be really an opportunity then for ZOMATO to tie this one with the network of restaurants and food services they bring to us, not to mention their quick commerce So what can one expect ?? Free movie tickets on food ordered in, discounts on food while booking movie tickets, more value additions on Zomato Gold or even say groceries delivered to your seat number while you’re sitting watching your movie in PVR :) The power of hyper local can be truly leveraged and more opportunities for #brands too in the process and deeper understanding of knowing customer's preference of kind of movie and kind of food they like! Customer sure is going to have many more opportunities through this new acquisition!

Zomato is gearing up to challenge BookMyShow, and it's great news for us. Paytm is selling its movie and ticketing business to Zomato for around Rs. 1500 crores. BookMyShow has dominated the market, earning Rs. 1076 crores last year, while Paytm only made Rs. 93 crores. This monopoly has made BMS complacent, with issues like: - Poor location accuracy and theatre listings. - Difficulty finding Lounger seats. - Lack of artist content for events. - Rare consumer-focused app updates. - Artist dissatisfaction with BMS. Zomato excels at rapid innovation and customer satisfaction with features like Celebrity wishes, Zomato Live, and Zomaland. I’m excited for Zomato to break BookMyShow monopoly and shake up the market. #zomato #paytm #bookmyshow #competitionisgood

 Zomato’s Next Course: A ₹2,048 Crore Ticket to the Entertainment Stage! 🍿 🍕 What’s Cooking? Zomato is rumored to acquire Paytm’s entertainment business for a whopping ₹2,048 crore! Both Zomato and Paytm stocks have surged 40% since the rumor surfaced. 📈 🎉 Why It’s Exciting: Imagine ordering your favorite meal and instantly streaming the latest blockbuster or live event—all in one app. 🍔🎥 This isn’t just an acquisition; it’s a recipe for a digital revolution! 🚀 🔮 What’s Next? Zomato is blending food and entertainment, creating a seamless digital experience that could redefine how we dine, watch, and unwind. 🍽️🍿 Are we on the brink of a new digital empire in India? Grab your popcorn, because this show is just getting started! 🎟️🍴 #Zomato #Paytm #DigitalInnovation #EntertainmentRevolution #MergersAndAcquisitions #FutureOfTech

🎉 Zomato is expanding beyond food delivery by acquiring Paytm entertainment ticket business for $244 million! This strategic move will boost #Zomato's presence in the #online ticketing market, allowing them to offer a wider range of #services, from food delivery to event tickets. 🎟️ With #Paytm's strong #customer base and extensive #network of #partnerships, #Zomato is set to enhance user #engagement by providing a seamless experience for dining, reservations, and entertainment all in one place. 🚀 This acquisition reflects #Zomato's ambition to diversify its #revenue streams and solidify its position as a top player in the Indian online marketplace. #Integration is expected in the coming months, pending regulatory approval. Source: TechCrunch #Zomato #Paytm #BusinessAcquisition #OnlineTicketing #FoodDelivery #TechNews #India #DigitalTransformation #Innovation #FutureTechly

Zomato Ventures into Entertainment with ₹2,048 Crore Paytm Deal! Zomato has just signed a definitive agreement to acquire Paytm's entertainment ticketing business for ₹2,048 crore in an all-cash deal. This strategic move will bring around 280 employees from Paytm into the Zomato family, marking a significant expansion of Zomato’s presence in the "going-out" sector. 📌Key Highlights📌 ➡️Paytm’s entertainment ticketing business generated ₹297 crore in revenue and ₹29 crore in adjusted EBITDA in FY24. ➡️This acquisition aligns with Zomato's broader strategy to diversify into lifestyle services, which includes dining, movies, sports events, and more. ➡️For Paytm, this move allows a sharper focus on their core payments and financial services distribution business. ➡️This deal reflects Zomato’s continued commitment to enhancing its platform and providing more value to users. It also shows the company's vision to become a one-stop destination for all things related to going out, whether it's dining, entertainment. Exciting times ahead as Zomato continues to innovate and expand its offerings! Source : Financial Express Disclaimer: This content is for educational purposes only and does not constitute financial advice. I am not a SEBI-registered analyst. #Zomato #Paytm #BusinessAcquisition #Entertainment #Ticketing #TechNews #StrategicExpansion

𝐏𝐚𝐲𝐭𝐦 𝐒𝐡𝐚𝐫𝐞𝐬 𝐒𝐮𝐫𝐠𝐞 4% 𝐀𝐦𝐢𝐝 𝐓𝐚𝐥𝐤𝐬 𝐭𝐨 𝐒𝐞𝐥𝐥 𝐌𝐨𝐯𝐢𝐞 𝐓𝐢𝐜𝐤𝐞𝐭𝐢𝐧𝐠 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐭𝐨 𝐙𝐨𝐦𝐚𝐭𝐨; 𝐙𝐨𝐦𝐚𝐭𝐨 𝐆𝐚𝐢𝐧𝐬 1% On June 18, Paytm (One 97 Communications) saw its share price climb 4% to Rs 442, driven by news that the company is in discussions with Zomato to sell its movie ticketing business. Zomato shares also rose 1%, reaching over Rs 188. 📈 Both companies confirmed the negotiations in separate filings with the stock exchange, though they did not provide any valuation details. According to unverified reports, the deal could be valued between Rs 1,500 and Rs 2,000 crore. These talks are at an early stage, focusing on the potential transfer of Paytm’s movie ticketing operations to Zomato. 𝑷𝒂𝒚𝒕𝒎, 𝒂 𝒑𝒓𝒐𝒎𝒊𝒏𝒆𝒏𝒕 𝒅𝒊𝒈𝒊𝒕𝒂𝒍 𝒑𝒂𝒚𝒎𝒆𝒏𝒕𝒔 𝒂𝒏𝒅 𝒇𝒊𝒏𝒂𝒏𝒄𝒊𝒂𝒍 𝒔𝒆𝒓𝒗𝒊𝒄𝒆𝒔 𝒑𝒍𝒂𝒕𝒇𝒐𝒓𝒎 in India, has diversified into several areas, including movie ticketing. 𝒁𝒐𝒎𝒂𝒕𝒐, 𝒂 𝒍𝒆𝒂𝒅𝒆𝒓 𝒊𝒏 𝒇𝒐𝒐𝒅 𝒅𝒆𝒍𝒊𝒗𝒆𝒓𝒚 𝒂𝒏𝒅 𝒓𝒆𝒔𝒕𝒂𝒖𝒓𝒂𝒏𝒕 𝒂𝒈𝒈𝒓𝒆𝒈𝒂𝒕𝒊𝒐𝒏, would expand its business portfolio by integrating Paytm’s movie ticketing services. 🤝 Paytm stated that it is exploring various strategic opportunities to enhance shareholder value, with the potential sale of its Entertainment business, part of its Marketing Services segment, being one such opportunity. The company emphasized its primary focus on payments, financial services, and digital commerce, all aimed at supporting merchant scalability. 💯 What are your thoughts on this probable deal? Image Credits: Entrackr LinkedIn News India #businessnewsindia #zomato #paytm #linkedinnewsindia

🌮Food delivery X Fintech🎟? This week, Zomato is in its initial talks to deal with One97 Communications, Paytm’s Parent Company, to acquire a movie and ticketing biz in an estimated 1,500- 2,000 Crore INR deal size. No binding agreements have arrived. ✅Strategic moves: Zomato: To scale up its GOING-OUT business, including Zomaland and booking restaurants. Paytm: The company is trying to sell its entertainment business to focus on its primary area, i.e., payment and financial services.   🤔What might happen if Zomato acquires Paytm’s entertainment biz? •Zomato will aid their going-out business, but can they compete with Book My Show? •Analysing the estimated revenue of Paytm’s entertainment at Rs 270-300 Cr for FY24 would add around 2.5% to Zomato's FY24 consolidated revenue. But again, it's uncertain. •User retention due to more comprehensive range of services. •Strengthen its 4 key verticles of Business: Zomato, Blinkit, Hyperpure, and Going-out. Let's wait and see what happens!!

🍿🎬 Is Zomato's next big move pure genius or total madness? 🤔 The food delivery giant is eyeing Paytm's movie ticketing business, and here's why it might be a game-changer: 1️⃣ Combine food and entertainment 🍔🎭 Imagine booking your movie tickets AND ordering snacks in one go. Convenience at its finest! 2️⃣ Double revenue streams 💰💰 Zomato could profit from both ticket sales and food orders. Smart, right? 3️⃣ Leverage existing success 📈 Remember when people called Deepinder Goyal crazy for acquiring Blinkit? Look how that turned out! 4️⃣ Tap into a lucrative market 🎟️ PVR Inox makes 35% of its revenue from Food and Beverages sales. Zomato's aiming for a slice of that pie. 5️⃣ Building on current momentum 🚀 Zomato's already made 50+ crores from ticket sales in FY23 and is investing 100 crores in Zomato Live. What do you think? Is this a recipe for success or a risky gamble? #Zomato #FoodTech #BusinessStrategy #Innovation

Paytm’s Entertainment Ticketing Business Sold to Zomato: A Strategic Move or a Sign of Trouble? The recent acquisition of Paytm’s entertainment ticketing business by Zomato for INR 2,048 Cr in an all-cash deal has caught many by surprise. This move raises several questions about the strategic direction of both companies and the future of the fintech and foodtech industries in India. From Paytm’s Perspective: For #Paytm, this sale could be seen as a strategic pivot to streamline its core operations and focus on its primary fintech services. Selling the entertainment ticketing arm might allow Paytm to consolidate its resources, sharpen its focus, and strengthen its financial position in the highly competitive #fintechmarket. However, one can’t ignore the possibility that this could be a desperate attempt to raise cash amidst financial troubles. Despite its efforts to diversify, Paytm has faced significant challenges in achieving profitability, and this sale might be a way to offload a non-core asset to shore up its finances. From Zomato’s Perspective: For #Zomato, this acquisition seems like a bold move to diversify beyond its core #fooddelivery and #restaurantdiscovery services. By entering the entertainment ticketing space, Zomato could leverage its existing user base and app ecosystem to offer a more comprehensive lifestyle platform. This aligns with the trend of super apps that provide multiple services under one umbrella, potentially increasing user engagement and retention. However, it also adds complexity and could dilute Zomato's brand focus on #foodtech. Implications for the Industry: This deal signals a broader trend of consolidation in the tech space, where companies are looking to diversify their offerings and create synergies. It could also suggest a blurring of lines between different tech sectors, with companies like Zomato stepping into new verticals to capture a larger share of the digital consumer's wallet. The real question is whether this move will pay off in the long run for Zomato or if it will distract them from their core competencies. Similarly, it remains to be seen if Paytm can stabilize and refocus without its entertainment ticketing business. In conclusion, while this deal might seem like a win-win on paper, only time will tell if it leads to sustainable growth for both companies or if it’s a short-term fix to underlying issues. The #techindustry is notorious for its unpredictability, and this deal is yet another example of how quickly things can change. What are your thoughts? Is this a smart move for both companies, or could there be more challenges ahead?