A Zomato - Paytm Synergy On The Cards?
In Talks
Paytm and Zomato are in talks for Zomato to acquire Paytm’s movie and events ticketing business for INR 1,500 Cr.
Valuation And Structure
The valuation for Paytm Movies and Insider is around INR 1,500 Cr; both are merging for synergy.
Zomato’s Interest
Zomato's interest in Paytm's ticketing business fits its strategy to diversify its portfolio.
Current Status
Discussions are ongoing with no final decision yet as other potential buyers are also interested.
Paytm’s Focus
Paytm aims to refocus on digital payments, using the sale to strengthen its core business.
Financials
In FY23, Paytm Movies earned INR 976 Cr and Insider made INR 192.7 Cr in revenue.
Paytm In Talks With Zomato To Sell Movie Ticketing Biz For INR 1,500 Cr
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