- Acquisition Value: Zomato is acquiring Paytm’s entertainment and ticketing business for Rs 2,048 crore.
- Strategic Rationale: Zomato aims to expand its presence in the ‘going-out’ segment, while Paytm seeks to focus on its core financial services.
- Brokerage Views: Bernstein, Jefferies, and Nomura view the acquisition positively, citing potential benefits such as expanded TAM, enhanced growth, and increased competitiveness.
- Emkay Global’s Perspective: The acquisition is seen as a significant step towards building a one-stop destination for ‘going-out’ experiences, especially with the upcoming launch of the District app.
- Growth Projections: Zomato management estimates the going-out GOV to exceed Rs 10,000 crore by FY26.
Sat Aug 24 , 2024
Favorable Global Scenario: The global scenario is conducive to the growth of India’s rubber black industry due to environmental concerns and high input costs impacting carbon black production in China, leading to reduced exports. This creates an opportunity for India to emerge as a major exporter to both the EU […]
