Zomato, a leading India based online restaurant search service provider has acquired Urbanspoon for an undisclosed amount. Zomato backed by funding from Info Edge and Sequoia Capital (over US$113 million) have raised their game over the last six months by acquiring six such services in six countries.
Zomato made about 5 acquisitions before urbanspoon, including MenuMania in New Zealand, Lunchtime in the Czech Republic, Obedovat in Slovakia, Gastronauci in Poland and Italian search service Cibando.
According to Dapindar Goyal, Founder of Zomato, Urbanspoon has been a dominant player in the US, Canada and Australia for years now, and it’s a great business that’s been built on a solid foundation of exhaustive and rich local restaurant content.
“Everything Urbanspoon has done has been powered by a fantastic team that shares our vision and core values, and brings a wealth of local knowledge and expertise to the table. As we stand here now, we felt joining forces with Urbanspoon would be the best way to turbocharge our growth and make our way into the US, Canada and Australia. Without question, this will also help us take significant strides forward in the markets we’ve been sharing with Urbanspoon so far – the UK, Canada, New Zealand, and Ireland” explained Dapinder Goyal.
When asked ‘what’s next?’, he replied: “Needless to say, the road ahead is a long one, and there are big challenges to overcome. For one, we’ll need to ensure that Urbanspoon’s website and app are integrated into Zomato smoothly over the next couple of months, without sacrificing the usability or utility of either. Urbanspoon has built vast legions of faithful followers over the years, and we’ll need to work extra hard to ensure that the finished product is one that users and merchants alike will love and enjoy using.”
Pixr8 will be closely following this breaking development. Watch this space for more.