Deals this week

Deals this week

Aasaanjobs raises seed funding of $1.5 millionAasaanjobs, a recruiting platform for entry level jobs, has raised $1.5 million (Rs 9.2 crore) of seed funding from Inventus Capital Partners and IDG Ventures India. The funds will be used to hire manpower and for product development.Aasaanjobs was founded in 2013 by Dinesh Goel and a group of IIT-Bombay alumni. The firm … [Read more...]

Zomato acquires US-based Urbanspoon for $60 mn

Zomato acquires US-based Urbanspoon for $60 mn

Zomato, the online restaurant guide has acquired Seattle-based food portal Urbanspoon. The deal is estimated at $60 million (Rs 370 crore) all-cash transaction. This is the sixth and biggest acquisition by Zomato.Deepinder Goyal, the chief executive of Zomato finalised the acquisition with digital media company InterActive Corp which owns Urbanspoon. Owned by media … [Read more...]

Zomato acquires Italy’s Cibando

Zomato acquires Italy’s Cibando

Zomato, an online restaurant discovery guide, has acquired Italy’s restaurant search service Cibando. However, the amount towards the acquisition has not been disclosed.Cibando was founded by Guk Kim in 2010. It has 82,000 restaurants and over 7,000 reviews written by its own editors.The brand details of Cibando will be consolidated with Zomato and then will be made a … [Read more...]

Zomato raises Rs 371 crore led by Vy Capital and Info Edge

Zomato raises Rs 371 crore led by Vy Capital and Info Edge

Zomato, an online restaurant discovery service has raised $60 million (Rs 371 crore), giving the company a post-money valuation of $660 million. This round of funding was jointly led by Vy Capital and Info Edge (India) Limited along with participation from Sequoia Capital.The funds will be used for Zomato's global expansion and new product development. Zomato plans to … [Read more...]

Zomato procures Poland’s Gastronauci

Zomato Gastronauci

Zomato, an online and mobile restaurant search and discovery platform has obtained Poland's leading restaurant search service Gastronauci for an undisclosed sum.This acquisition becomes the fourth one in a span of 3 months this year. The other three being MenuMania, a New Zealand-based restaurant search service in July, 2014, Lunchtime.cz and Obedovat.sk of the Czech … [Read more...]

From Delhi to Chile, Zomato Expands

Zomato

It's not so easy to find a good restaurant around us for a fine dining. Zomato comes in with suggesting popular locations and popular cuisines in your area along with user reviews and ratings. Users can also look for Trending this Week, Romantic, Pan-Asia Delicacies, Great Breakfasts, Live Music, Business Dining, etc.Zomato is one of the most popular online restaurant … [Read more...]

Weekly News Roundup

Weekly News Roundup

U.S. privacy group Electronic Privacy Information Centre has filed a formal complaint with the Federate Trade Commission over Facebook’s use of user data in its “emotion contagion” study.Pune based TripHobo, an online travel planning portal announced their series A funding from Bangalore based Kalaari Capital. TripHobo has not disclosed the amount of funding. However, there … [Read more...]