wordpress blog stats
Connect with us

Hi, what are you looking for?

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…

Please subscribe/login to read the full story.
Written By

Free Reads

News

The blog post claims that the model is competitive with existing frontier multimodal models and even outperforms others in real world spatial analysis. 

News

Ministry Secretary Vumlunmang Vualnam talked about a separate set of guidelines for drone usage based on specific use cases like civil and public uses,...

News

Under the new definition, physical point-of-sale payment providers also fall within the ambit of payment aggregators.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

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...

Advert

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...

News

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...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ