Paytm CPO Steps Down After Zomato Buys Ticketing Platform

There's a shakeup happening at Paytm, a major Indian digital payments and financial services company. Shreyas Srinivasan, the company's Chief Product Officer (CPO), has decided to resign after Zomato, a popular food delivery giant, acquired Insider.in.  

Srinivasan wasn't just any CPO – he was also the co-founder of Insider.in back in 2014. Under his leadership, the platform boomed, becoming a key player in India's live entertainment ticketing industry. Insider.in wasn't just for concerts; it offered tickets for a wide range of events, from laugh-out-loud stand-up comedy shows to adventurous treks, making it a one-stop shop for all kinds of entertainment seekers.  

In 2017, Paytm saw the potential of Insider.in and acquired a majority stake in the platform. They integrated it into their own ecosystem and gave it a new name: Paytm Insider.  

Now, with Zomato acquiring Paytm Insider, the food delivery giant is making a strategic move into the live events and entertainment sector. This aligns with Zomato's desire to offer more than just food delivery, aiming to become a one-stop shop for all things fun and engaging for their users.  

But Srinivasan's resignation after the acquisition leaves some questions unanswered. What will Paytm's product development look like now? Will they continue to pursue a strategy in the entertainment domain without him? This is especially concerning considering the recent leadership changes at Paytm, including the exit of their president and COO earlier in 2024.  

One thing's for sure: the landscape of India's digital entertainment scene is changing. Zomato's expansion and Srinivasan's departure are just the latest developments in this evolving story. It will be interesting to see how Paytm navigates the entertainment sector without their former CPO and how Zomato integrates live events into their existing food delivery platform.