Zomato is reportedly in talks to acquire Paytm’s movie ticketing business in a deal that is pegged at around Rs 1500 crore. The move is seen as a strategic one for Zomato, which has been looking to expand its presence in the online ticketing space.
The potential deal comes at a time when Zomato has been making significant moves to diversify its offerings beyond food delivery. In recent years, the company has ventured into grocery delivery, online event ticketing, and restaurant reservation services. Acquiring Paytm’s movie ticketing business would further solidify Zomato’s position in the online ticketing market.
Paytm, on the other hand, has been focusing on expanding its presence in the digital payments and financial services sector. The potential sale of its movie ticketing business to Zomato could help the company streamline its operations and focus on its core business areas.
The acquisition would also give Zomato access to Paytm’s extensive user base, which could further boost its ticketing business. With a larger user base, Zomato would be better positioned to compete with other players in the market, such as BookMyShow and Insider.
For Paytm, the potential sale of its movie ticketing business could provide the company with the necessary funds to fuel its expansion plans in other sectors. The company has been aggressively expanding its financial services offerings, including digital payments, wealth management, and insurance, and the sale of its movie ticketing business could help in this regard.
The potential acquisition of Paytm’s movie ticketing business by Zomato is still in the early stages, and it remains to be seen how the deal will pan out. However, if successful, the move could significantly impact the online ticketing market in India and pave the way for further consolidation in the industry.
Overall, the potential deal between Zomato and Paytm highlights the growing competition in the online ticketing space and the increasing convergence of different industries in the digital economy.
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Tags: Zomato, Paytm, acquisition, online ticketing, business deal
