🚀 Medial just raised $500k in Pre-Series A. Tap to read the announcement. 🎉
Login

News on Medial

🔥 5 people are talking about this

Mint Explainer: Zomato’s Paytm deal and its big bet on entertainment

LivemintLivemint · 4m
Mint Explainer: Zomato’s Paytm deal and its big bet on entertainment

Zomato is set to expand beyond food delivery and enter the entertainment and ticketing market with the acquisition of Paytm's entertainment and ticketing business. The new venture, called 'District', will focus on movie and event ticketing, live performances, and sports. Zomato plans to launch District as a separate brand and app, aiming to position it as the go-to platform for consumers when planning a night out. The acquisition will provide Zomato with access to Paytm's customer base and experienced employees in the entertainment sector. Analysts believe the move will boost Zomato's revenue and allow it to capture a higher wallet share from urban customers. Meanwhile, the sale will help Paytm focus on its core business after facing customer losses due to regulatory issues.

9
1
View Source

Comments

More Like this

Paytm parent One97 Communications to conduct 24th AGM on September 12 via video conferencing | Mint

Paytm parent One97 Communications to conduct 24th AGM on September 12 via video conferencing | Mint

Paytm to add Rs 2,364 crore to its kitty through sale of PayPay shares

Paytm to add Rs 2,364 crore to its kitty through sale of PayPay shares

Zomato in talks to acquire Paytm's movies, ticketing business; deal pegged at around Rs 1,500 crore: sources

Zomato in talks to acquire Paytm's movies, ticketing business; deal pegged at around Rs 1,500 crore: sources

Zomato completes acquisition of Paytm’s entertainment ticketing biz

Zomato completes acquisition of Paytm’s entertainment ticketing biz

Mint Explainer: Why Tata Steel is jittery about the UK election

Mint Explainer: Why Tata Steel is jittery about the UK election

Paytm Share Jump Over 5% Intraday Post Ticketing Business Deal

Paytm Share Jump Over 5% Intraday Post Ticketing Business Deal

Paytm To Sell Ticketing Business To Zomato For INR 2,048 Cr

Paytm To Sell Ticketing Business To Zomato For INR 2,048 Cr

SoftBank to log slim profit ahead of Masayoshi son’s next AI bet | Mint

SoftBank to log slim profit ahead of Masayoshi son’s next AI bet | Mint

Mukesh Ambani’s Reliance Industries looks to acquire stake in Karan Johar’s Dharma Productions amid OTT boom: Report | Mint

Mukesh Ambani’s Reliance Industries looks to acquire stake in Karan Johar’s Dharma Productions amid OTT boom: Report | Mint

Zomato Block Deal: Antfin Singapore to sell $408M in shares

Zomato Block Deal: Antfin Singapore to sell $408M in shares

Download the medial app to read full posts, comements and news.