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June 30, 2014

Deal Alert: Zomato acquires NZ-based MenuMania for Rs.5-Cr

Online Restaurant guide Zomato has acquired New Zealand's MenuMania in an estimated INR 5 crore all-cash deal, making the acquirer the largest player in its space in the island country which has over 15,000 restaurants.

Started in 2006 by Auckland-based techie Cristian Rosescu, MenuMania was the largest rival to Zomato in New Zealand. It had started its operations in Auckland and Wellington in July last year With this acquisition, Zomato has operations across 12 countries. The company raised $37 million (Rs 227 crore) last year from Sequoia Capital and existing investor Info Edge.

Source: Economic Times

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