Paytm Insider, the online entertainment ticketing arm of Paytm, has announced the elevation of Varun Khare, previously the business head for the live entertainment segment, to the role of Chief Operating Officer (COO).
Strategic Leadership
In his new capacity, Khare will spearhead the operational strategies of Paytm Insider, driving growth and fostering innovation within the company. This move underscores Paytm Insider’s commitment to strategic leadership and operational excellence.
Impressive Growth Trajectory
During Khare’s tenure, Paytm Insider claims to have witnessed remarkable growth, with a reported annual gross merchandise value (GMV) surge of over 100% since 2022. Khare’s leadership has evidently played a pivotal role in steering the company towards sustained success and market expansion.
Professional Background
Khare brings with him a wealth of experience from his previous leadership roles at Fountainhead Promotions & Events Pvt. Ltd and Oranjuice Entertainment, as indicated by his LinkedIn profile. His diverse expertise across various facets of event organization positions him well for his new role at Paytm Insider.
Founder’s Perspective
Shreyas Srinivasan, Founder and CEO of Paytm Insider, lauded Khare’s contributions to the company’s growth trajectory, highlighting his instrumental role in building a comprehensive platform that supports event organizers across the country. Srinivasan emphasized Khare’s extensive experience and expertise as invaluable assets to Paytm Insider’s continued success.
Company Background
Founded in 2014 as Insider.in, Paytm Insider offers a user-friendly platform for hassle-free ticket bookings for a wide range of live and online events, including concerts, sports events, and stand-up comedy shows. The company boasts a significant track record, having sold over 27.5 million tickets for more than 150,000 events nationwide.
Strategic Partnership
In 2017, Paytm acquired a majority stake in Insider.in, signaling its strategic commitment to the event ticketing venture. The acquisition, valued at $5.42 million (INR 35 crore), further solidified Paytm’s presence in the burgeoning online entertainment industry.
