Zomato Acquires Paytm's Entertainment Ticketing Business
In a recent development, Zomato has approved the acquisition of Paytm’s entertainment and ticketing business for ₹2,048 crore in a cash deal. This move marks Zomato’s expansion into the broader lifestyle services sector, including dining, movies, sports ticketing, live performances, shopping, and staycations. Meanwhile, Paytm aims to refocus on its core financial services.
Zomato’s shares rose nearly 3% to ₹267, with a market capitalization of ₹2.3 lakh crore. The company plans to grow its “going-out” segment to ₹10,000 crore by FY26. JM Financial has set a target price of ₹300, while Jefferies suggests a revised target of ₹335, indicating a potential 30% gain. The acquisition positions Zomato as the second-largest entertainment ticketing platform in India, behind BookMyShow.
Paytm’s shares surged nearly 5.5% to ₹604.45, with a market capitalization of ₹38,500 crore. The sale will allow Paytm to focus more on its core business areas. Motilal Oswal Financial Services has a ‘neutral’ rating with a target price of ₹550, whereas Emkay Global has a ‘reduce’ rating with a target price of ₹375. StoxBox forecasts a target price of ₹615 for Paytm, reflecting a cautious yet optimistic outlook.
The acquisition is set to enhance Zomato’s position in the lifestyle services market. With the introduction of the new app ‘District,‘ Zomato plans to consolidate various services under one platform. The company’s past performance and lack of significant competition in the ‘going-out’ segment suggest strong potential for growth.
For Paytm, the divestment allows a concentrated focus on its financial services and cashback offers. The move is expected to provide a financial boost and enable better shareholder value. However, some analysts believe the immediate net value addition might be less significant than the stock price reaction suggests.
India had the most successful day at the Asian Games 2026 so far in Day…
The Indian Armed Forces have sent a team of 60 members to Oskemen, Kazakhstan, for…
The very first Cool Leaders Awards were made at the Global Cooling Pledge Assembly 2026…
Exercise Tarang Shakti 2026 has been started by the Indian Air Force in operational mode…
A port-based plant for e-methanol production in the port of Kandla in the state of…
Indian Esha Singh bagged the silver medal in the women’s 25m pistol individual event of…