Zomato Acquires Italy’s Restaurant Search Service, Cibando

Indian Startups

Zomato Acquires Italy’s Restaurant Search Service, Cibando

Zomato has acquired Italy’s popular restaurant search service Cibando. Cibando will soon be integrated with Zomato, and over the next few months, users will be able to use Zomato for all major cities in Italy.cibando
This is Zomato’s fifth acquisition in the recent months. Zomato acquired MenuMania in New Zealand, Lunchtime in Czech Republic, Obedovat in Slovakia, and Gastronauci in Poland recently.
The current Cibando team is 10 people strong; the new combined entity will grow to 30-40 people in the next three months; over time, in steady state, the Italy operation is expected to grow to 150-200 people across the top 6 cities.
Zomato raised $60mn at a post-money valuation of ~ USD 660 million in November 2014.
Zomato is currently present in 20 countries and gets about 35 million visits per month across its website and mobile apps.

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