The big Indian food delivery company Zomato has recently announced that it will purchase Paytm’s ticketing business for ₹2,048 Crore Deal. Following this calculated move, Zomato expands its offers beyond restaurant search and meal delivery; towards the events and experiences space. The events ticketing platform from Paytm is a component of the deal and it will be incorporated into Zomato’s existing platform.
Zomato has achieved a huge milestone with this partnership; as it boosts user engagement and broadens its profit streams. Zomato is hoping to cement itself as a one-stop shop for its consumers’ entertaining necessities by providing tickets for events, activities and experiences. This deal highlights the company’s aim to be on the top of India’s developing digital economy.
On the contrary, Paytm continues to streamline its business by selling off non-core businesses. Paytm would be able to solely focus on its core financial services and payments business after selling its ticketing units. This deal demonstrates how the Indian tech sector is changing and how they must constantly reinvent themselves and adapt to be competitive.
On the contrary, Paytm continues to streamline its business by selling off non-core businesses. Paytm would be able to solely focus on its core financial services and payments business after selling its ticketing units. This deal demonstrates how the Indian tech sector is changing and how they must constantly reinvent themselves and adapt to be competitive.
