Monday, January 12, 2015

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R.I.P. Urbanspoon

  • Monday, January 12, 2015
  • AM edejer
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  • Urbanspoon

    Urbanspoon is about to be taken off the menu.


    The restaurant review and recommendations service, which had previously been acquired by IAC in 2009, has been sold off again, this time to Zomato, an online restaurant discovery service based in India. Terms of the deal were not disclosed, but a source familiar with the matter pegged the acquisition price at more than $50 million.



    Deepinder Goyal, the founder and CEO of Zomato, told Mashable in a recent interview that the goal is to use the Urbanspoon acquisition to help the Indian startup break into the U.S., Canada and Australia — three markets where Urbanspoon had a strong presence. However, Zomato does not plan to maintain the UrbanSpoon brand. Read more...


    More about Urbanspoon, Business, and Startups



    from Mashable http://ift.tt/1y4WAQs

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