Hotline: 1800 102 2007
X
Search Business Opportunities
Sep, 05 2018

Zomato buys Bengaluru-based startup TongueStun Food for $18 million

Tonguestan works as an online marketplace and is a caterers and restaurants aggregation platform.

Online food ordering and restaurant discovery platform Zomato has acquired a Bengaluru-based startup TongueStun Food. The cash and stock deal is fixed at about $18 million. Tonguestan works as an online marketplace and is a caterers and restaurants aggregation platform.

The startup has so far raised less than $5 million from Uniqorn Ventures, a hospitality fund run by investment bank o3 Capital, and Haresh Chawla, a partner at private equity fund True North.

Deepinder Goyal, Co-founder & CEO at Zomato, said, "We don't see the ceiling to how big this market could become just yet. What we know is that this market is very high frequency, and customers are very sticky as they end up placing more than 20 orders a month on the Tonguestun platform." 

Founded by Manjunath Ramkrishnan in 2012, TongueStun has over 1,000 curated food partners along with 1,500 companies on its platform in six cities including Bengaluru, Mumbai, Hyderabad, Gurugram, and Pune.

Zomato will integrate TongueStun app into it. TongueStun’s acquisition will help it to scale its business in the corporate segment.

The TongueStan acquisition for Zomato marks its 12th such deal. Last year, the company, in one of its bigger deals, had acquired hyperlocal logistics startup Runnr to add muscle to its delivery capabilities.

Comment
Related opportunities
  • 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
  • Departmental/Unisex
    About : The brand name, “Sweet Dreams” enchants the heart and..
    Locations looking for expansion Maharashtra
    Establishment year 1989
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Juices / Smoothies / Dairy parlors
    About Us: Monginis is a Bakery & Confectionary Brand in India, which..
    Locations looking for expansion Maharashtra
    Establishment year 1971
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Ice creams & Yogurt Parlors
    About : Ice Cream factory is an innovative live ice cream..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 225
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
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