Inc42 Media’s Post

#fintech | #payments | #foodtech : Paytm's Revival Strategy Zomato has confirmed discussions with Paytm regarding the acquisition of its movie and events ticketing business, but no final decision has been made yet. Paytm is revamping its operations to counter declining sales and refocus on its core #financialservices. EmpowerEdge Ventures

Sometimes, to grow stronger, you need to cut away what’s holding you back. Paytm’s recent sale of its ticketing business to Zomato for Rs 2,048 crore illustrates this perfectly. Despite the ticketing segment's impressive performance, achieving a GOV of Rs 2,000 crore in FY24 ,Paytm realized that its real growth lies in financial services. This sale isn’t just about reallocating resources; it’s a strategic shift to refocus on what truly matters. By shedding this non-core asset, Paytm is reinforcing its commitment to its core fintech operations. For Zomato, this acquisition is a golden opportunity. With its ‘going-out’ segment already generating a GOV of Rs 3,225 crore and experiencing 136% YoY growth, adding Paytm’s ticketing business, complete with 78 million tickets and 10 million users, will supercharge its lifestyle platform. Deepinder Goyal’s vision is transforming Zomato into a holistic lifestyle hub, merging dining and entertainment into a single, integrated experience. What’s the takeaway? Paytm’s strategic move highlights the importance of focusing on your core business and not being afraid to let go of peripheral ventures. For Zomato, it’s a bold step toward expanding its service offering and redefining user engagement. And for competitors like Swiggy, it’s a clear message: adapt and innovate swiftly or risk being left behind. Deepinder Goyal’s approach shows how cutting away non-core elements can lead to powerful new growth opportunities. It’s a lesson in strategic focus and transformation that every business should heed. #BusinessStrategy #Fintech #LifestyleServices #Acquisition #StrategicFocus #MarketTrends #Leadership #Innovation #Zomato #Paytm #BusinessLessons #CompetitiveStrategy

Big in food and FinTech! Zomato, the foodtech giant, just acquired the entertainment ticketing business of Paytm Insider for ₹2,048 crore. Who could have thought that food and entertainment would mix so well? I mean, it's not just any acquisition, come on. This is like a Bollywood-ish love story when two completely different worlds get together and make magic happen. Who else is picturing some Zomato Paytm Insider dance-off right now? Jokes aside, this move by Zomato is wildly inspiring. This just goes to prove that in this fast-moving world of business, nothing comes as a surprise. ???? Who could have thought that a foodtech business would be wreaking havoc in the world of FinTech? ???? Talk about breaking barriers and increasing horizons! ???? Congratulations to Zomato and Paytm Insider —here's to an exciting collaboration. We are really waiting to see what deliciously entertaining things they have in store for us in the future!???????????????? #Zomato #PaytmInsider #acquisition Below Image represents - Paytm Share Plummets by 5% after this news

📢 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 (and Blinkit) getting into so many new businesses, I hope they take time out to perfect the value chain and #business model for these services one at a time rather than a frenzy of expansion. Learning from the example of Paytm, Zomato's primary services should always make them enough money to cope with the initial losses from additional services. It took Zomato years to become kings of quick commerce and food delivery, i hope they can replicate the success to challenge BookMyShow in India. I guess i should go and order some popcorn from Blinkit

Zomato has confirmed it is in discussions with Paytm to acquire the fintech company's movies and events businesses. In a stock exchange filing on June 16, Zomato stated, "We acknowledge that we are in discussions with Paytm for the aforementioned transaction; however, no binding decision has been made at this stage that would warrant Board approval and subsequent disclosure in accordance with applicable law." The food delivery giant added, "We have noticed certain news articles in the mainstream media suggesting 'Zomato in talks to acquire Paytm's movies, ticketing business.' This voluntary disclosure clarifies our stance on the matter, as any transaction deemed potentially significant may create market uncertainty." Paytm also confirmed the discussions, stating, "The Company routinely explores various strategic opportunities aimed at enhancing shareholder value. The potential transfer of Paytm's Entertainment business, a component of our Marketing Services, is one opportunity under consideration." Paytm reiterated its strategic focus, saying, "As noted in our earnings call, our focus will be on payment and financial services along with digital goods commerce, designed to help our merchants scale their businesses. However, any discussions currently underway are preliminary and do not involve any binding agreements requiring approval or disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, or other applicable laws. Therefore, any information related to these discussions should be considered speculative at this time." Media reports suggest the potential deal size could be valued between INR 1500-INR 2000 crore. Zomato clarified that the intent behind the move is to strengthen its "Going-out" business and its position in its four key business segments. If finalized, this would be Zomato's second major acquisition following its acquisition of quick commerce platform Blinkit (formerly Grofers) in an all-stock deal worth INR 4,447 crore. #Zomato #Paytm #Acquisition #FoodDelivery #Fintech #EntertainmentIndustry #MarketUpdate #BusinessStrategy #StockExchange #CorporateNews #Investing #MergersAndAcquisitions #DigitalCommerce #FinancialServices #QuickCommerce #Blinkit #BusinessGrowth #MarketUncertainty #ShareholderValue #AllBoutCorps

Paytm in talks to sell its movie ticketing business.... But to whom? Its Zomato If this deal materializes, It will be the 2nd largest buyout by Zomato after the acquisition of Blinkit which will be worth around Rs.2,000cr. With the intent to strengthen its "going out" business. But why is Paytm doing so? Paytm wants to focus on payment and financial services businesses. Till now the discussion is preliminary, not binding. #paytm #zomato #businessdeal

Zomato posted its first ever profits in June 2023. — Stock price movement since then: ₹70 to ₹270 (3.85x) Paytm posted its first ever profits in Sept 2024 — Stock price movement since then: ₹554 to ₹770 (1.38x) Here’s the ironical catch - Zomato fully acquired Paytm's entertainment ticketing business for ~2,048 crores in Aug’24. Thanks to this deal, paytm was able to post profits for the first time. Nevertheless, good to see them focusing on their payment services, which has been their core business since ages. Coming back to Zomato - District app has been launched leveraging the acquired paytm ticketing business and is ready to prove its worth in the ‘going out’ market. Refreshing to see both companies taking steps in the right direction that could not only benefit their consumers, but their investors as well. 👏🏻 #zomato #paytm #goingout #district #acquisition #indianstockmarket

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