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

 

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Scoop Business: Productivity Commission To Look At Housing Land Supply

The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More>>

ALSO:

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

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