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Cibando, a media communications and quality content company caters to restaurants and other dining businesses. Cibando has an active global foodie community. With its fifth acquisition in 2014, Zomato will from now have a bigger presence including its presence across Brazil, Turkey, the Philippines, Sri Lanka, South Africa, Qatar, New Zealand, Portugal, Chile, etc.
Zomato has stated previously that it will invest US$6 million in Italy in the next two years to grow their team and company in the country. However, Zomato has not disclosed the value of the acquisition. Cibando, founded by Guk Kim in 2010, is a team of 10 people. It is an online and mobile restaurant search service in Italy. Cibando offers around 7,000 professionally generated reviews and a large directory of photos taken by food photographers, with around 82,000 restaurants.
https://www.linkedin.com/pulse/zomato-acquired-cibando-abhishek-budholiya
http://www.futuremarketinsights.com/blogs/details/cibando-zomatos-fifth-latest-buy-this-year
Future Market Insights
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