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