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Zomato acquires NexTable to enter table reservation business

Online restaurant guide and ordering service Zomato, which recently raised $50 million from Info Edge & others, has acquired US-based restaurant reservations and table-management platform NexTable in a cash and stock deal, reports TechCrunch. The financial details of the deal remain undisclosed at present. Following the deal, NexTable founder & CEO T.C. DeSilva will be joining Zomato. The report mentions that NexTable will soon be renamed Zomato Book. Zomato co-founder & COO Pankaj Chaddah told TC that they will launching the renamed NexTable in India, UAE and Australia later this year. This is Zomato's second acquisition in US: The Gurgaon-headquartered company had acquired IAC’s Urbanspoon in an all-cash transaction for $52 million to enter the US market, in January this year. The company had earlier forayed into North America by launching in Canada in October last year. The NexTable acquisition adds a new facet to Zomato's offerings: it will now be able to offer table reservation, in addition to the online ordering service, which it introduced in Delhi this week. It's worth noting that the company had also acquired restaurant point-of-sale (POS) product MaplePOS and renamed it to Zomato Base, earlier this month. Earlier this year, Zomato CEO Deepinder Goyal had told MediaNama that they were still contemplating whether to get into the table reservations business or not. He had mentioned that the biggest constraint was "bandwidth in our team, in our product team, in our ops team, to actually execute all these things at the same time. If we are able to build out a team…

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