Hotline: 1800 102 2007
X
Search Business Opportunities
Jan, 13 2015

Zomato acquires Urbanspoon for an undisclosed amount

This is Zomato\'s sixth and the biggest acquisition in the last six months. Zomato has recently acquired local dominant restaurant search players in New Zealand, Poland, Czech Republic, Slovakia and Italy.

Zomato, the restaurant search app, has acquired Urbanspoon for an undisclosed amount in an all-cash deal.

The acquisition marks Zomato's entry into the United States, establishing presence in Australia and Canada, while adding to its already dominant position in United Kingdom and New Zealand.

With this acquisition, Zomato will be present in 22 countries across the world.

Zomato’s restaurant coverage will increase from about 300k restaurants to more than 1 million restaurants across the globe.
The traffic will more than double from about 35 million visits per months to more than 80 million visits per month, probably making it the largest restaurant search company in the world.

"Our US entry has been in the cards for a while now, and we're delighted to be doing so by welcoming Urbanspoon into Zomato. They have a strong presence in the US and the UK, and they also dominate restaurant search in Australia and Canada. Urbanspoon has a huge following, and is home to legions of people who are as passionate about food as we are. We will soon be integrating the two products to bring the best of both products to our users in the United States as well as the rest of the world,” said Deepinder Goyal, Founder and CEO, Zomato.

The teams will be working closely over the coming months to integrate Urbanspoon into Zomato.

In due course of time, all Urbanspoon traffic will move to Zomato.com, and all Urbanspoon app users will be able to use the Zomato app.

This acquisition also has a lot to offer to restaurant businesses. Zomato's hyperlocal advertising model, combined with the

Zomato for Business app suite, will allow restaurant businesses to reach out to, connect with, and engage customers like never before.

"Zomato has experienced phenomenal growth in recent years, and our customer bases complement each other's perfectly," said Keela Robison, Urbanspoon CEO.

"Zomato's significant investments in people and technology will bring Urbanspoon customers, restaurant owners, and food bloggers a number of new capabilities and features. We're excited to combine our strengths to accelerate growth,” added Robinson.

This is Zomato's sixth and the biggest acquisition in the last six months. Zomato has recently acquired local dominant restaurant search players in New Zealand, Poland, Czech Republic, Slovakia and Italy.

Comment
Related opportunities
  • Casual dine Restaurants
    About: Gola Sizzlers is a well established authentic chain of restaurants..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: LAUNCHING FIRE ‘N’ GRILL BACK IN 2007 WAS A..
    Locations looking for expansion Punjab
    Establishment year 2007
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chandigarh Punjab
  • Quick Service Restaurants
    About Us: Chowringhee is a well known name in Delhi NCR..
    Locations looking for expansion New Delhi
    Establishment year 2004
    Franchising Launch Date 2015
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater South Delhi New Delhi
  • Ayurvedic, Herbal & Organic Products
    About Company:Bio Veda Action Research company formerly known as Biotique..
    Locations looking for expansion New Delhi
    Establishment year 1992
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 200 – 500 sq. ft.
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities