Online and mobile restaurant search and discovery service Zomato has acquired Lunchtime.cz and Obedovat.sk, the Czech Republic’s and Slovakia’s most popular restaurant guides respectively, for a combined amount of USD 3.25M.
With the two acquisitions, Zomato is now present in 15 countries, providing in-depth information for over 250,000 restaurants.
Deepinder Goyal, Founder and CEO of Zomato, said, “Both Lunchtime and Obedovat have strong business models that cater to the local market needs of discovery of lunch menus. Together, Zomato, Lunchtime, and Obedovat will be able to build the largest resource of restaurant information in the Czech Republic and Slovakia. We look forward to combining the best of both our business models to build an integrated product which the users as well as restaurant businesses will love once it’s rolled out over the next few months. We’re thrilled to welcome Lunchtime and Obedovat into the Zomato family, and we look forward to working closely with them to leverage their local expertise. We are looking to infuse a further USD 2.5M into our operations in the Czech Republic and Slovakia over the next couple of years.”
The Lunchtime and Obedovat teams will be working closely with the Zomato team following this acquisition.
“The next few months are going to be exciting for us at Lunchtime and Zomato. We’ll be able to combine our local expertise and focused product offering around lunch menus, with the technology and rich content platform that Zomato brings to the table. The combined product will enhance the user experience by providing them with fresh, more in-depth restaurant information along with lunch menus, and will drive greater value to local restaurant businesses in the Czech Republic. Overall, it’s going to be a big win for users, business owners, Lunchtime, and Zomato,” said Igor Treslin, Founder and CEO of Lunchtime.
Zdenko Hoschek, CEO of Creative Web Group, added, “The Lunchtime and Obedovat founding teams have spent a significant amount of time getting to know the founding team at Zomato, and are happy to see their strong focus on building a social restaurant discovery product. We respect their passion, and look forward to the Lunchtime and Obedovat teams becoming a part of Zomato.”
Zomato has been aggressively expanding its global presence over the past two quarters, while also strengthening its presence in existing markets. Zomato acquired MenuMania, the leading restaurant discovery service in New Zealand, in July 2014. The latest acquisitions are a strategic move to establish Zomato’s presence in Central and Eastern Europe.