After acquiring data firm MaplePOS few days back, now India based restaurant listing site Zomato has acquired US-based restaurant reservations and table management platform NexTable. Terms of the deal are still undisclosed but as per a TechCrunch report, it is a cash and stock deal and the service will soon be renamed as ‘Zomato Book’. As part of the deal, NexTable’s team is also coming over with the acquisition, including CEO and founder TC DeSilva and Robert Tyree.
Zomato will be taking NexTable’s technology in three international markets – India, UAE and Australia, starting later this year. This is the company’s second acquisition in U.S. after buying Urbanspoon for $52 million from its owner IAC.
“We want to own the communication layer between restaurant businesses and customers. NexTable will add to this layer by bringing in the convenience of easy, online reservations for thousands of restaurants to our millions of users,” said Pankaj Chaddah, co-founder and COO of Zomato. “NexTable completes the value chain between the consumer and the restaurant.”
Till now, Zomato has made nine acquisitions in last nine months. Zomato had recently acquired local dominant restaurant search players in Canada, Australia, New Zealand, Poland, Turkey, Italy, Czech Republic, Slovakia, as well as its home market of India. It is now present in 22 countries.Category Business Investments