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Zomato CEO Deepinder Goyal: “We have scale on our mind”

Scale is on Zomato CEO Deepinder Goyal's mind. The Delhi based company, in which Info Edge India owns 50.1% stake, recently acquired UrbanSpoon for $52 million to enter markets like US, Australia. Today, it announced the acquisition of Turkey’s restaurant search service Mekanist. It is now in 22 countries, and is a global Internet business built out of India. Last week, Goyal held a concall to discuss what Zomato plans to do, the Urbanspoon acquisition and plans for the markets it has now entered, product plans, how the company views acquisitions, how it integrates acquisitions (after having acquired five companies then), revenue model, and the long term vision for the company. On Urbanspoon - Should have paid less: "I think we should have paid less for the deal, but see I think companies are valued a lot on their growth, in terms of what kind of team they have, what kind of product they have, what is the kind of complicated scenario in these markets. With Urbanspoon, the founders had left a couple of years ago, (and) it was a management run company, and I think for the last one year, IAC was trying to really take the company to stage to where they could sell the company. This was a competitive process, there were quite a few people who looked and put in a bid for this deal" - Will the Urbanspoon brand be phased out? "The jury is still out I think. I would want to phase-out the Urbanspoon brand in the longer-term but we have to think really…

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Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

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