Restaurant Discovery Site Zomato Buys IAC’s Urbanspoon, Enters The U.S. — techcrunch.com

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. This marks the entrance of Zomato into the U.S. market, and is also notable because it is one of the few instances of an Indian tech company acquiring an American business. Zomato claims that the deal is one of the largest purchases of a U.S.-based consumer Internet company by an Indian startup.

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