Zomato acquired US based food portal Urbanspoon
Zomato announced to acquire Urbanspoon- US based food portal for an undisclosed amount in an all-cash deal.
Zomato on 12 January 2015 acquired the US based food portal Urbanspoon for an undisclosed amount in an all-cash deal.
The acquisition of Urabanspoon establishes Zomato's presence in Australia and Canada, the UK and New Zealand. With this, Zomato will be present in 22 countries across the world.
This is the sixth acquisition of Zomato in six months. Earlier, Zomato acquired dominant restaurant search players in New Zealand, Poland, Czech Republic, Slovakia and Italy.
Zomato also announced to increase its restaurant coverage from about 300000 restaurants to more than 1 million restaurants.
With this, the traffic of Zomato is expected to more than double from about 35 million visits per months to more than 80 million visits per month. This will make it the largest restaurant search company in the world.
Chief Executive Officer of Zomato: Deepinder Goyal