Indian based restaurant and event-listing site, owned and operated by Gurgaon-based Zomato Media Pvt Ltd, had acquired Italy-based web and mobile restaurant search services startup Cibando Ltd.for an undisclosed sum last Dec 2014

Post acquisition, Cibando is integrated with Zomato and the entire Cibando team joins the firm.

Zomato said in a statement that it is planning to invest $6 million in Italy over the next two years to grow its team and business.

Cibando is one of the largest restaurant search services in Italy. Their existing traffic and user base will give us a great start as we launch Zomato in the country,” said Deepinder Goyal, founder and CEO of Zomato.

The firm also aims at scaling up teams in Rome and Milan to 30-40 full-time employees over the next three months.” Goyal added.

Founded in 2010 by Guk Kim, Cibando is a restaurant search services firm that provides users with professionally-generated content such as reviews and photos. It claims that it currently has 150,000 photos on its site taken by professional food photographers and over 7,000 reviews written by its editors. At present, around 82,000 restaurants are listed on Cibando across various cities in Italy.

Zomato claims that it sees around 35 million visits per month across its website and mobile app.

The firm is present in over 100 cities across 20 countries, including India, the UK, the Czech Republic, the UAE, South Africa, Sri Lanka and Qatar.

The company currently employs 900 people. Till date, Zomato has raised more than $113 million, over multiple rounds of funding from investors including Vy Capital, Info Edge and Sequoia Capital.

Zomato has been actively expanding overseas both organically and through M&As. It had recently acquired four companies, including MenuMania in New Zealand; Lunchtime in the Czech Republic; Obedovat in Slovakia; and Gastronauci in Poland.

(RK) 27-July-2015 

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