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VCGuy

Believe me, it’s not... • 1m

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).

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