Zomato's acquisition spree continues: The company has acquired Turkey's restaurant search service Mekanist for an undisclosed amount in an all-cash deal. Similar to its previous acquisitions, Zomato says that both the teams will work closely to integrate Mekanist to Zomato in the coming months and all of Mekanist's traffic and restaurant-related content will move to Zomato. Post integration, Zomato claims to cover more than 75,000 restaurants across Turkey, from the existing 27,500 restaurants in Istanbul and Ankara. Zomato had entered Turkey in November last year, around the same time when it raised $37 million from Sequoia Capital and Info Edge. This is Zomato's seventh acquisition in the last six months and comes on the heels of acquiring UrbanSpoon for $52 million to enter Australia & United States markets as well as strengthen its operations in existing markets like UK, Canada, New Zealand, and Ireland. Other acquisitions include: – Italian restaurant discovery service Cibando last month. – Polish restaurant search service Gastronauci in September. – Czech Republic’s restaurant guide Lunchtime.cz and Slovakia’s restaurant guide Obedovat.sk for a combined amount of $3.25 million in August. – New Zealand-based restaurant search service MenuMania in July. Zomato claims to currently offer restaurant information from over a million restaurants across 500 cities in 22 countries. Raising more money Zomato is also raising more money to fund its international expansion, having spent most of its last funding round on the UrbanSpoon acquisition. Earlier this month, Zomato co-founder and CEO Deepinder Goyal said in an interview to Reuters that they are currently in talks with both new & existing investors to raise around $100 million in the next…
- After CIC’s Decision, NIXI Resumes Publishing Dispute Resolution Decisions December 1, 2022
- The Delhi High Court ordered a sexually-explicit video to be taken off the internet December 1, 2022
- What India’s IT Minister has to say about the concerns around the new data protection bill December 1, 2022
- Tamil Nadu pushes for Aadhaar-EB card linking despite data risks December 1, 2022
- Info on Online Gambling Law’s Report & Consultation Can’t Be Provided: Tamil Nadu Govt December 1, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...