Noel Rajakumar’s Post

Zomato Acquires Paytm's Entertainment Ticketing Business for ₹2,048 Crore! 🎟️🍿 Zomato is stepping up its game by acquiring Paytm's entertainment ticketing business, making it the go-to platform for everything from dining out to booking movie tickets! Here's why this is a brilliant move: 1️⃣ Market Expansion: Zomato now gains access to Paytm’s massive 300 million user base, expanding beyond its current 30 million+ users. 2️⃣ Seamless Experience: Imagine booking a movie ticket and ordering snacks all in one app! 3️⃣ Diversified Revenue: This acquisition adds a new revenue stream, reducing reliance on food delivery commissions. However, with BookMyShow dominating 78% of the market, Zomato will need to innovate and optimize pricing to compete. Can Zomato make this work? The ball is in their court! 🏀 What do you think of this bold move? 💬 #zomato #paytym #businessgrowth #latestnews #trending

Zomato's new big bet Zomato acquired Paytm insider for 2048 crores. Zomato is expanding its offerings to include restaurant reservations, movie tickets, and more. Imagine planning your entire night out from a single app. But is this a smart move? Can Zomato successfully transition from food delivery to a broader entertainment platform? Watch our latest video to find out! #Zomato #PaytmInsider #GoingOut #Entertainment #FoodDelivery #StartupNews #BusinessTrends #Tech #Innovation #DigitalTransformation #BusinessStrategy

Zomato's Big Bet on #Entertainment   #Zomato just made a huge splash by buying Paytm's entertainment ticketing #business for a massive Rs 2,048 crore.   This means that Zomato is now not just for #food delivery,   but also for all things "going out," like #movies, plays, and concerts.   It's a smart move because it gives Zomato access to Paytm's huge user base of 300 million people.   which is much bigger than Zomato's own 30 million users.   Imagine being able to book a #movie ticket and order popcorn and drinks in one app!   It's a seamless experience that #customers #will love.   Plus, this move helps Zomato make more #money, as it's not just relying on food delivery commissions anymore.   However, Zomato will face competition from #BookMyShow, which already has a big share of the #market.   Zomato will need to come up with new ideas and offer better prices to compete with BookMyShow.   Overall, it's a risky move for Zomato, but it could pay off big time.   If Zomato can successfully integrate Paytm's ticketing business and offer a great user experience,   It could become the go-to app for all things entertainment.   What do you think? Is this a great move or a risky move?   Let me know in the comments. #business #news #businessnews

Deepinder Goyal-led food delivery platform Zomato will acquire the entertainment ticketing business of Vijay Shekhar Sharma-led Paytm Insider for Rs 2,048 crore. Paytm's entertainment ticketing business includes ticketing for movies, sports, and live events (such as performances) ticketing. 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. While Paytm will retain the ticketing and entertainment options on its app for the next 12 months, users will be redirected and asked to switch to Zomato's upcoming app for the 'going-out' segment. The update is going to be made available for public use in the next few weeks. Zomato Paytm #Paytm #Zomato #PaytmInsider #Indianstartupnews #BrainmassTimes

🎉 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

So, you know #Zomato, right? The app where you casually order food without any fuss? Is a well-known food delivery brand planning to disrupt the entertainment industry? Here is some thrilling news! They are purchasing #Paytm's movie and event ticketing sector for an impressive $244.2 million. Is it possible for you to imagine that? Yes, it was announced on August 21st!! Picture yourself requesting your preferred meal, and suddenly, BAM! You can also purchase tickets for the newest hit movie or a fantastic concert all in one location. Zomato has started to explore the ticketing industry with its "District" app. Paytm, a BookMyShow competitor, is ceding its market share to Zomato. It's similar to a significant change in the ticketing industry. According to Reuters, Zomato currently holds a share in the market with its restaurant reservation and event planning services, but this new development is akin to expanding its offerings significantly. And do you know what's even better? It is bringing around 280 skilled individuals from Paytm's team to assist in achieving this. So, get ready to order your food and plan your night out — all in one app. Zomato's got big things in store! #Zomato #Paytm #ZomatoExpansion #BigDeal #ZomatoAcquisition #EventTicketing #MovieTicketing #PaytmDeal #DigitalGrowth #BusinessNews #ZomatoUpdate #Reuters #Magicminds #MagicmindsBlogs

Foodtech major Zomato is launching a new app ‘District’ for its ‘going-out’ business. The app will allow customers to discover and book restaurants and offer additional use cases such as booking tickets for movies, sports, live performances, among others👇 In its shareholder letter, Zomato CEO Deepinder Goyal said that Zomato’s dining-out business is now operating at a run-rate of over $500 Mn annualised GOV (gross order value) and is already profitable. Additionally, he said there is an opportunity to add other services besides ‘dining out’ in the ‘going-out’ business. Additional use cases for customers in the going- out space include, movies, sports ticketing, live performances, shopping, staycations among others, Goyal said, adding that the company has already launched some of these and is working on the others. 🔗 To read more in detail, click here: https://lnkd.in/g8_aapyH #news #zomato #business #customers

Zomato has announced its plan to acquire Paytm's entertainment ticketing business for ₹2,048 crore. This acquisition will enhance Zomato's offerings by integrating ticketing services for events and entertainment into its platform, potentially broadening its customer base and service portfolio. The move aligns with Zomato's strategy to diversify and strengthen its position in the digital entertainment and food services sectors. Want to stay in the loop on the latest ad, marketing, and brand news? We've got you covered! Follow us for: - Quick bites on industry trends - Insider scoops on brand strategies - News that matters to marketers like you Let's connect and keep it fresh! #zomato #paytmkaro #paytm

Zomato just grabbed Paytm’s entertainment ticketing business for a cool ₹2,048 Crore—cha-ching! 💰 Looks like Zomato is all set to become the ultimate go-to for everything "going out" and "eating out" 😜 This move is pure genius. Here’s why: 1. Market Expansion: Zomato just got access to Paytm’s massive 300 million user base—way beyond its current 30 million+ users. That’s like Zomato on steroids! 💪 2. Seamless User Experience: Imagine this: you’re booking a movie ticket and, boom, you can order your popcorn and drinks from the same app. Talk about a movie night done right! 🍿🎬 3. Revenue Stream Diversification: Now, Zomato isn’t just about food delivery. With ticketing, they’re cashing in on a whole new revenue stream. They’re already handling 2 lakh orders a day with a Gross Order Value (GOV) of ₹263.1 billion in FY23. Now they’re taking things up a notch! 🚀 But hold up—this isn’t all smooth sailing. They’ll go head-to-head with BookMyShow, the big dog with a 78% market share. Zomato will need to pull out all the stops, get creative, and maybe even offer killer deals to beat them. 🎟️ So, the big question: Can Zomato turn this into a win, especially with Paytm’s recent struggles? 🤔 After nailing it with Blinkit, can Zomato score another knockout? Stay tuned—we’ll find out soon enough! What do you think of this bold move? #paytm #bookmyshow #zomato

Deepinder Goyal-led food delivery platform Zomato will acquire the entertainment ticketing business of Vijay Shekhar Sharma-led Paytm Insider for Rs 2,048 crore. Paytm's entertainment ticketing business includes ticketing for movies, sports, and live events (such as performances) ticketing. 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. While Paytm will retain the ticketing and entertainment options on its app for the next 12 months, users will be redirected and asked to switch to Zomato's upcoming app for the 'going-out' segment. The update is going to be made available for public use in the next few weeks. Zomato Zomato India Deepinder Goyal Paytm Insider Paytm #Paytm #Zomato #PaytmInsider #Indianstartupnews