Zomato in Talks to Acquire Paytm’s Film and Events Business Online food delivery service Zomato is in advanced talks to acquire Paytm’s film and events business, PhonePe, according to industry sources. The potential deal would expand Zomato’s reach into the entertainment sector and bolster its loyalty program, Zomato Gold. Paytm acquired PhonePe in 2016 and has since launched a number of services under the brand, including movie ticketing, event bookings, and merchandise. The business has faced strong competition from established players such as BookMyShow and TicketNew. For Zomato, acquiring PhonePe would provide a significant boost to its non-food revenue stream. The company has been exploring new ways to monetize its platform and has recently launched a subscription service, Zomato Pro, and introduced advertising on its app. The deal, if finalized, would also strengthen Zomato’s customer loyalty program, Zomato Gold. PhonePe users could potentially gain access to Zomato Gold’s exclusive dining discounts and other perks. The acquisition would also fit into Zomato’s broader strategy of expanding beyond food delivery. The company recently launched a grocery delivery service and has also been exploring the possibility of entering the travel sector. Sources familiar with the matter say that the two companies are still in negotiation and there is no guarantee that a deal will be reached. If successful, the acquisition would mark a significant milestone in Zomato’s growth and diversification.East Fremantle coach Bill Monaghan has praised his players for their resilience amidst the challenges they have faced during their premiership defense.
East Fremantle coach Bill Monaghan has praised his players for their resilience amidst the challenges they have faced during their premiership defense. Despite still lacking a home ground at mid-season due to ongoing renovations at Shark Park, the reigning premiers remain competitive, currently sitting fourth on the ladder. “I’m really proud of our players,” Monaghan said. “They’ve had to roll with the punches all year, and they’ve done it with great character and determination.” The Sharks’ ability to overcome adversity is a testament to their strong team culture, according to Monaghan. “We’re a very close-knit group,” he said. “We’ve got a lot of leaders in the group, and they’ve done a great job of keeping the team together through all the challenges we’ve faced.” Monaghan is confident that his team can continue to perform at a high level despite their lack of a home ground. “We’re not using that as an excuse,” he said. “We’re just going to go out there and play our best every week.”
Zomato+ in Talks to Acquire Paytm’s Film and Events Business Zomato+, the Indian food delivery and restaurant discovery platform, is reportedly in talks to acquire Paytm’s film and events ticketing business. According to industry sources, the deal, if finalized, will see Zomato+ acquire Paytm Insider, the entertainment arm of Paytm. The acquisition is said to be motivated by Zomato+’s desire to expand its portfolio of services and become a one-stop shop for food, entertainment, and lifestyle needs. Paytm Insider, formerly known as Insider.in, is a leading player in the Indian entertainment ticketing market. It offers a variety of services, including movie tickets, live events, and travel experiences. The acquisition would provide Zomato+ with access to Paytm Insider’s extensive network of movie theaters, event venues, and ticketing partners. Analysts believe that the deal could strengthen Zomato+’s position in the emerging “super app” market, where companies aim to offer a wide range of services within a single app. By integrating Paytm Insider’s offerings, Zomato+ would be able to provide users with a more comprehensive entertainment experience, potentially increasing user engagement and revenue. However, the deal is still in the early stages of discussion, and its outcome is not guaranteed. Both Zomato+ and Paytm have declined to comment on the reports.
