Zomato, among one of country’s biggest online restaurant guide marketplaces, has acquired data firm MaplePOS. The objective of the acquisition is to expand beyond restaurants reviews into online table bookings and payments.
Founded by a group of techies from Delhi-based MapleGraph, MaplePOS is a cloud-based point of sale product for restaurants. Zomato, that claims to have presence in 22 countries including the United States, has remade MaplePOS to “Zomato Base” and it would now be an address book with customer details. It will also help in online transactions, maintaining inventory and generating e-receipts.
Arun Tyagi, Co-Founder & CEO, MapleGraph says that this partnership with Zomato will be a step ahead in their dream of building the best and most widely adopted restaurants point of sale system in the world. MapleGraph offers software services to manage menus, inventories, recopies, e-bills etc.
This is Zomato’s first-ever product acquisition. Till now, Zomato has acquired seven restaurants search and listing companies across the globe. The online food services market is currently valued at $14 billion in India and $371 billion globally.
This acquisition is a step forward towards taking on rival Foodpanda, which is also potentially increasing its space in the market. Apart from this, Zomato is all set to launch its food ordering in India, this month.