Zomato acquires NexTable to compete with Yelp, OpenTable

Zomato acquires a US-based restaurants reservation and table-management platform NexTable to ease online restaurant reservation process thus competing with rivals Yelp and OpenTable.
Zomato acquires NexTable to compete with Yelp, OpenTable

Zomato, one of India’s leading restaurants discovery platforms has acquired the US-based restaurants reservation and table-management platform NexTable for an undisclosed amount.

As per company’s statement, NexTable will now be renamed to Zomato Book. It is said to be a cash and stock deal and NexTable’s team is also coming along with the acquisition, including CEO and Founder TC DeSilva and Robert Tyree from the online division. This is Zomato’s ninth acquisition in nine months. Zomato recently acquired Urbanspoon for $52 million to mark an entry into US, Australia and Canada.

It recently also acquired MaplePOS. These acquisitions will be very beneficial for the firm to offer point-of-sale solutions, table management and reservation system services to restaurant business.

As per Zomato’s Co-Founder and COO, Pankaj Chaddah, they want to own the communication layer between the restaurants and customers. NexTable will help add this layer by bringing in an eased online reservation process to thousands of restaurants to their millions of users.

Zomato will start its online food ordering operations in India with Bengaluru and Mumbai by the end of May 2015. The plan is to take NexTable’s tech services into India, UAE and Australia, starting later this year, the spokesperson added.

Zomato has also made acquisitions in Australia, Canada, New Zealand, Poland, Slovakia, Turkey and Italy, apart from its home market of India. It is now operational in 22 countries. In the US, it competes with the likes of Yelp and OpenTable.

Publish Date
Not Sponsored
Live: People Reading Now
 
 
 
 
TRENDING ARTICLE
RECOMMENDED FOR YOU