Info Edge (India)’s arm - Zomato Media has acquired www.urbanspoon.com, one of the leading restaurant information websites operating in the United States of America, Australia and Canada in an all cash transaction amounting to $52 million.
Last year in November, Info Edge (India) through its wholly owned subsidiary, has invested an amount of about Rs 185 crore in Zomato. Upon completion of the allotment/transfer of shares against the said investment, aggregate amount of investment in Zomato will be about Rs 327 crore. Info Edge will hold 55.13% of the equity share capital of Zomato. The overall holding on a fully converted and diluted basis will remain at 50.1%.
Zomato Media owns and operates an online food guide portal www.zomato.com.
