Zomato Acquires Urbanspoon For $50 Million

13/01/2015 3:26 PM IST | Updated 15/07/2016 8:24 AM IST
NEW! HIGHLIGHT AND SHARE
Highlight text to share via Facebook and Twitter
Zomato.com

Washington: Indian restaurant search and discovery company Zomato has announced that it has acquired a restaurant search site Urbanspoon for 50 million dollars that has granted the company entrance into the United States and Australia.

According to CNN, the deal is expected to double the network's traffic on its website from 35 million to 80 million visitors per month. The company's restaurant inventory will triple from 3,00,000 to one million listings.

zomato urbanspoon demographics

Zomato already has a strong foothold in Asia, South America and Europe. Zomato gathers information on restaurants from hours of operation to directions, menus, reviews and ratings.

The company will acquire 150 to 200 employees in 20 to 40 U.S. cities where Urbanspoon had been operating.

More On This Topic