Technology firm Current Affairs - 2019

Category Wise PDF Compilations available at This Link

Zomato acquires NexTable

Online restaurant guide Zomato has acquired United States (US) based online table reservation platform NexTable for undisclosed amount. It is Zomato’s ninth acquisitions since past nine months.

This acquisition also comes shortly after Zomato had acquired MaplePOS, a cloud-based POS product for restaurants on 14 April 2015.

NexTable services help its users make restaurant reservations in real time and it also includes table management and marketing tools for restaurants.

With this acquisition, NexTable will be renamed as Zomato Book and it will help Zomato to move beyond restaurant search and discovery into table reservations, online ordering services.

NexTable was founded by TC DeSilva and currently he is CEO of the company.

Month: Categories: Business, Economy & Banking

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MakeMyTrip acquires travel startup website Mygola.com

Online travel services provider MakeMyTrip.com has acquired Mygola, a startup travel guide firm.

The acquisition was done through MakeMyTrip’s Innovation Fund, which invests in early-stage or start-up companies in the travel technology space.

With this acquisition, MakeMyTrip will get a greater foothold in the mobile space as Mygola’s entire team has joined them.

Mygola was founded by IIT Mumbai batchmates Anshuman Bapna and Prateek Sharma in 2009.

Since its formation it had raised capital from Helion Ventures, Blumberg Capital and 500Startups, among other angel investors.

Presently, Mygol’s app is present in 16 cities across the world and has up to 5,000 installs on the Google Playstore i.e. on Android Operating System.

It should be noted it is MakeMyTrip’s seventh overall acquisition and third of an Indian company. MakeMyTrip.com was founded in 2000 by Deep Kalra.

Month: Categories: Business, Economy & Banking

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