Restalo, a Spanish online restaurant reservation site, acquired Restaurantes.com, a Madrid, Spain-based restaurant reservation platform.
The amount of the transaction was not disclosed.
Restalo, created in 2009 and backed by Seaya Ventures, aims to leverage Restaurantes.com to consolidate its position as the leader in the sector.
After the acquisition, the company will use the Restaurantes.com brand and will have offices in Madrid and Barcelona. Antonio Fernández Ruiz and Jesús Alonso Gallo, the two founders of Restaurantes.com will join the new management team led by Pablo Pastega, former CEO of Restalo.
The merge of the two platforms will allow the new Restaurantes.com to offer a strong value proposition to its 6,000 partner restaurants in 600 cities in Spain, giving them the choice to use a complete cloud-based inventory management software for 29€/month and to access millions of potential users looking for special offers.
The more than 1,250,000 users who have already reserved a table with the company will, in the next few days, be able to enjoy a refreshed website and mobile app, along with other benefits, such as the loyalty program “My €uros” in which each reservation earns up to 4€.
With the Restaurantes.com brand, Restalo aims to launch in the Latin American market in the next months.
FinSMEs
23/09/2015