Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Zomato acquires Menumania

Zomato acquires Menumania, New Zealand's popular restaurant discovery service

Zomato, the restaurant search and discovery service, announced today that it has acquired menumania.co.nz, a popular New Zealand-based restaurant discovery service for an undisclosed amount.

"We are thrilled to welcome Menumania to Zomato." said Deepinder Goyal, Founder and CEO, Zomato. "The Menumania team is very passionate about restaurants and helping people discover new places to eat. We look forward to working closely with them to leverage their local expertise.


Together, Zomato and Menumania will be the largest resource of restaurant information in New Zealand, and I am sure both our users will love the integrated product once it rolls out over the next few weeks.

The founding team of Menumania will be working closely with the Zomato team following this acquisition.

“It's going to be an exciting next few months to integrate MenuMania with Zomato.

We will be able to combine our local knowledge about the market, with the technology Zomato brings to the table. It will also deliver greater value to local restaurant businesses, as all the users in NZ will have access to their information on a common platform now. Overall, it is going to be a big win for our users, MenuMania, Zomato and business owners as well.” said Cristian Rosescu, Founder and CEO MenuMania.

Zomato has been aggressively expanding its global presence with launches in Europe and Southeast Asia in the past six months, while also working to strengthen its presence in existing markets. This acquisition is a strategic move to establish Zomato’s presence in the Pacific.

Sahil Ludhani, Country Manager, Zomato NZ said “Menumania will be a big boost for Zomato's relatively new business in New Zealand. Combined, we will be able to offer our users a large number of reviews and menus, all in one place, making Zomato the de-facto choice for users in NZ. We are also expecting our team to more than treble from the current size in the next six months.”

This is Zomato's first acquisition globally. Deepinder Goyal, Founder and CEO added "This acquisition is the first of more to come, in our mission to be the
dominant player in this space across the globe."

Some quick bits about Zomato, MenuMania and this acquisition:

o Zomato, one of the world's largest restaurant discovery services, is now present in 12 countries.

o Zomato has acquired Menumania, the leading restaurant guide in New Zealand; Menumania was founded in 2006 by Cristian Rosescu, who was later joined by his wife Karen Gibson.

o Menumania is one of the most prominent players in New Zealand in Tech, and has been around for almost 8 years

o Zomato launched its services in Auckland and Wellington in July last year, and extended its services to Hamilton in December, 2013.

o The Menumania website will eventually migrate to Zomato.co.nz to
maintain a single identity.

o The current set of restaurant reviews on Menumania will be put through the Zomato review quality filters to ensure consistency in quality and authenticity.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Convention Centre: Major New SkyCity Hotel And Laneway For Auckland

Today SKYCITY Entertainment Group Limited revealed plans to build a new hotel and pedestrian laneway of bars, restaurants and boutique shopping on land it owns in the Nelson and Hobson Streets block, expanding the SKYCITY Entertainment Precinct. More>>

ALSO:

Igniting The Spark: Bringing The Digital Enabler To Life

Changing a name is, relatively speaking, the easy part of a re-invention. Changing a culture, getting all the ducks in a row, turning yourself inside-out to become customer-inspired is a much bigger challenge. More>>

ALSO:

Ebola And NZ: Targeted Screening At Airport But Risk Low

The risk of any cases of Ebola in New Zealand remains very low, but health and border authorities are well prepared... anyone arriving in New Zealand who in the last three weeks has visited countries affected will be screened for symptoms of the disease. More>>

ALSO:

Scoop Business: Brewer Seeking Crowd-Funding Cancels Shareholders’ Dividends

Shareholders in Renaissance Brewing company, the first business to seek equity through crowd-funding in New Zealand, have cancelled their claim on $147,000 of accumulated earnings “to make Renaissance a more attractive investment opportunity.” More>>

ALSO:

It's Spark Now:
Why Telecom Wanted To Change

New Zealand led the world when Chorus demerged from Telecom. It gave us a telecommunications industry structure where the network is completely separated from the products and services it delivers. The changes brought about a new market dynamic and it dramatically changed Telecom’s role. More>>

ALSO:

Glass Half Empty: Dairy Prices Fall To Lowest Since 2012

Dairy product prices slumped to the lowest level since October 2012 in the latest GlobalDairyTrade auction, paced by whole milk powder and cheddar. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news