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.
