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

 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… Read More