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When did Zomato acquire Urbanspoon?
Urbanspoon, which was founded in 2006 and in 2009 was acquired by Barry Diller’s IAC, is Zomato’s first US acquisition.
How does Urbanspoon work?
Via its apps and webpage, Urbanspoon offered a restaurant search utility, with filtering by price, type of food, neighborhood, nearby businesses (movie theaters, sports venues, etc.), and special features (gluten-free fare, child-friendliness, BYOB-service, etc.).
How much was Urbanspoon sold for?
Share All sharing options for: Urbanspoon Sold For a Rumored $60M to India’s Zomato. Today, in acquisition news: Restaurant discovery service Zomato is purchasing Seattle-based restaurant review and reservation site Urbanspoon.
What happened Urbanspoon?
Zomato says goodbye to Urbanspoon, shuts down iconic shake-to-search feature. That was the message on Zomato’s Facebook page today, announcing it had shut down Urbanspoon after acquiring the Seattle-based restaurant reviews site for roughly $60 million earlier this year.
Did zomato buy Urbanspoon?
Zomato has made it’s biggest acquisition yet – They have acquired US based Urbanspoon. It is their sixth acquisition in last six months and also quite surprising given the price they have paid for it.
Who bought Urbanspoon?
Zomato
Zomato, the restaurant discovery site backed by Sequoia, has bought Urbanspoon from IAC, the latest in a string of acquisitions around the world. Terms of the deal were undisclosed, but sources tell TechCrunch it was between $50 million to $60 million.
Is there an app like Urbanspoon?
There are more than 10 alternatives to Urbanspoon for a variety of platforms, including Online / Web-based, iPhone, Android, Windows Phone and iPad. Other great apps like Urbanspoon are Yelp (Free), openMarkers (Free, Open Source), AroundMe (Free) and Starbucks (Free).
What did zomato replace?
Zomato was founded as Foodiebay in 2008, and was renamed Zomato on 18 January 2010 as Zomato Media Pvt. Ltd. In 2011, it expanded across India to Delhi NCR, Mumbai, Bangalore, Chennai, Pune and Ahmedabad.
What was zomato called before?
Foodiebay
Zomato was founded as Foodiebay in 2008, and was renamed Zomato on 18 January 2010 as Zomato Media Pvt. Ltd.
Is there a Tinder for food?
While swiping left or right is synonymous with Tinder, a trio of friends from Boston is attempting to change the game with their new app Tender (full name: Tender Food and Recipes), which replaces potential dates with potential dinner recipes.
Is there a Tinder for restaurants?
Munch is an app based here in New York that helps groups of people decide where they should go eat. Chris DeSantis, co-founder and CEO of Munch, joined Cheddar to discuss.
Are restaurants capturing only 45\% of consumer food spending?
Restaurants are also capturing only 45\% of the share in food spending from consumers. Compared to 51\% during pre-pandemic levels, 2020 was not a good time for the food industry.
How has covid-19 affected the restaurant industry?
In 2020, 50\% of limited-service restaurants became distressed businesses due to changes in consumer behavior brought about by the COVID-19 pandemic. (AlixPartners, 2020) Since October 2020, 83\% of fine dining restaurants expected lower sales in six months. (Restaurant Dive, 2020)
How many people order food online from restaurants?
(Toast, 2019) In 2019, 51\% of diners ordered directly from a restaurant’s website, 38\% used an online ordering aggregate site, while 29\% used an app. (Toast, 2019) In light of the COVID-19 pandemic, it is projected that by the end of 2021, there will be 44.1 million users of food delivery apps in the U.S. (eMarketer, 2020)
What is the restaurant industry’s share of the food dollar?
The restaurant industry’s share of the food dollar in the United States is 51\%. (National Restaurant Association, 2020) 8.1\% – The percentage increase in debt between 2019 and 2020 for limited-service restaurants.