Zomato, a New Delhi, India-based restaurant search and discovery platform, acquired Cibando, a Rome, Italy-based mobiel and web platform for users to find restaurants.
The amount of the deal was not disclosed.
Founded in 2011 by Guk Kim, Cibando operates an app that allows users to search restaurants in major cities in Italy. It has a databes of over 150k professional photos taken by street photographers with over 7,000 reveiws from food editors. The company, which was backed by Point Nine Capital and angel Fabio Pezzotti (read here), has a 10 people strong team who will now join Zomanto to integrate the service and build Zomato Italy. It plans to add 30-40 full time people in the next 3 months.
Zomato + Cibando = #ZomatoItaly http://t.co/HfDwBvRzH6
— Cibando (@Cibando) December 19, 2014
Backed by Vy Capital, Info Edge, and Sequoia Capital, Zomato lists over 310k restaurants across 18 countries, employing 750 people representing 25 nationalities. It recently acquired MenuMania in New Zealand, Lunchtime in Czech Republic and Obedovat in Slovakia and Gastronauci in Poland.
FinSMEs
19/12/2014