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 available to users in all major cities of Italy. This is Zomato’s fifth acquisition in this year. Earlier it had acquired MenuMania in New Zealand, Lunchtime in Czech Republic, Obedovat in Slovakia, and Gastronauci in Poland. Also, the firm had raised Rs 371 crore in the funding led by Vy Capital and Info Edge.
“Zomato has been expanding at a rapid pace. Together, we will be able to offer detailed information for even more restaurants to our users in Italy and beyond,” said Guk Kim.
“Cibando is one of the largest restaurant search services in Italy. Their existing traffic and user base will give us a great start as we launch Zomato in the country. We will scale up our teams in Rome and Milan to 30-40 employees in the next three months,” said Deepinder Goyal, founder and CEO of Zomato.
With this buy, Zomato marks its presence in over 20 countries.