Zomato has just announced its first global acquisition.
Continuing its international expansion, the restaurant search and discovery service has acquired Menumania.co.nz, a New Zealand based restaurant discovery service.
The deal size wasn’t disclosed.
Deepinder Goyal, Founder and CEO, Zomato said
Together, Zomato and Menumania will be the largest resource of restaurant information in New Zealand, and I am sure both our users will love the integrated product once it rolls out over the next few weeks.
Menumania’s website will be merged with Zomato but founding team of will work closely with the Zomato, the company said.
This acquisition is the first of more to come, in our mission to be the dominant player in this space across the globe.
Menumania was founded in 2006 by Cristian Rosescu and his wife Karen Gibson. Zomato lanched in Auckland and Wellington in July 2013 and Hamilton in December 2013.
Zomato, founded in 2008, currently lists over 232,900 restaurants across 12 countries and claims to have 20 million monthly visits globally. It is present in 41 Indian cities, UK, UAE, South Africa, New Zealand, Philippines, Portugal, Brazil, Turkey, Indonesia, Sri Lanka, and Qatar.
In October 2013, Zomato raised $37 mn (or Rs 222 cr assuming Rs 60 to the dollar) from Sequoia Capital and InfoEdge at a valuation of over Rs 1000 cr.
For the year ending March 2013, Zomato clocked Rs 30.6 cr in operating revenues and Rs 41.28 cr of loss. Read more on Zomato’s financials here.