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Zomato acquires Turkey’s restaurant search service Mekanist

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…

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