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Network 18 looking to sell its restaurant search business Burrp

Network 18's board has approved the sale of restaurant search and recommendation service Burrp. "The board has given in-principle approval to sell/transfer/ otherwise dispose off or transfer Burrp to any other entity including a related party/ or strategic investor," the company said in a notification to the stock exchanges. "The board of directors of the company at its meeting held today inter alia evaluated the proposal of restructuring its business of food and restaurant search and recommendation engine operated under the name of Burrp, which has insignificant contribution to the revenue of the company," Network 18's notification further read. Burrp was launched in August, 2006, by Deap Ubhi and Anand Jain. At the time, they tried to build an Indian equivalent of Yelp. But following the company's sale to Infomedia 18  for Rs 4.25 crore in 2009, Ubhi and Jain left the company to…

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