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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The food delivery company is in talks with Paytm for an acquisition of the latter’s movies and events ticketing business. Lessons from BookMyShow hold the key.
On paper, the idea fits. That Zomato is a company well suited to take on events. It almost sounds like a cakewalk in fact—the journey from food delivery and restaurant reservations to food carnivals, music concerts and movies.
Last week, Zomato confirmed that it is wholeheartedly working on this idea. The 16-year-old company is in talks with fintech major Paytm to acquire the latter’s movies and events ticketing business. The deal has reportedly been valued at Rs 1,500-Rs 2,000 crore—around half of what Zomato makes in a quarter.
The talks for such an acquisition are a big move for Zomato. …
India’s grocery and food delivery platforms are increasingly displaying misleading images of food using artificial intelligence, defeating the very purpose of buying online.
The EV maker is turning to gig-worker rentals to absorb its scooter output. But questions on cost, competition and execution make its latest pivot uncertain.
The popular super app startup is seeing widening losses, Dubai’s financial zone wants more wealth and Aramco’s big quarter.
