Paytm’s chief product officer and head of consumer products has announced his departure from the fintech company.
Srinivasan’s exit follows the recent acquisition of Insider.in, Paytm’s ticketing and events platform, by food delivery major Zomato.
Notably, Srinivasan was the founder of Insider, which was later acquired by Paytm in 2017.
Shreyas Srinivasan, Paytm’s chief product officer and head of consumer products, has announced his departure from the fintech company.
Srinivasan’s exit follows the recent acquisition of Insider.in, Paytm’s ticketing and events platform, by food delivery major Zomato.
In a LinkedIn post, Srinivasan said that the acquisition provided a timely opportunity for him to step back and recharge. “After the Zomato deal closed in August, it felt like the right time to take a break, fix the technology debt of my body, and re-discover a passion I can chase for the next two decades,” he said.
Notably, Srinivasan was the founder of Insider, which was later acquired by Paytm in 2017.
“So with a heavy heavy heart, I say goodbye to my friends at Paytm and Insider.in. So long and thanks for all the fish!”
The INR 2,000 Cr deal, sees Srinivasan stepping away from Insider, as the platform transitions to Zomato’s control.
Insider, founded in 2014, claims to offer a “hassle-free” ticket booking facility for live and online events, including concerts, sports events, stand-up comedy shows and much more. It has sold over 27.5 Mn tickets for over 150K events across the country.
Notably, after the acquisition, Zomato’s going out business scaled up rapidly during the second quarter of 2024-25 (FY25).
The GOV of the vertical grew a staggering 171% YoY and 46% QoQ to INR 1,849 Cr in Q2 FY25. The going out arm had recorded a GOV of INR 1,268 Cr in Q1 FY25 and INR 682 Cr in Q2 FY24.
On the revenue front, the growth was even more impressive as the top line jumped 214% to INR 154 Cr in Q2 FY25 from INR 49 Cr in Q2 FY24.
