Interestingly → In mid-2014, Zomato went on an acquisition spree, and acquired 8 foreign startups in less than a year⤵️ -MenuMania, Jul 14, New Zealand based - Lunchtime and Obedovat, Aug 2014, $3.25 M, Czech Republic and Slovakia-based - Gastronauci, Sep 14, Poland - Cibando, Dec 14, Italy - Urbanspoon, Jan 15, ~$60 M, United States - Mekanist, Jan 15, Turkey - NexTable, May 15, United States ‼️At the time → Zomato did not offer Food Delivery. It was primarily a Restaurant Discovery and Reservation platform. IMO: Restaurant search/reservation over the Internet may have been more common overseas and Zomato sought to tap into the opportunity. Acquisitions helped gain access to - - Local market insights, technology - Comprehensive restaurant database ⏭️Post-2021 (6 years into Food Delivery ops): Zomato started exiting all International markets to essentially focus on India and UAE (helped reduce complexity and cleanse balance sheet).
Download the medial app to read full posts, comements and news.