India-based online food ordering and restaurant discovery platform Zomato has completed the $18m acquisition of online corporate catering marketplace TongueStun Food.

Established in 2012, Tonguestan aggregates caterers and restaurants for office canteens and has a network of more than 1,000 food partners, as well as over 1,500 companies, including Accenture, Mindtree and Deloitte.

With a presence in six Indian cities, the company currently delivers more than 105,000 meals every day.

“Our increased speed of growth will benefit our food partners – caterers and restaurants tremendously.”

Zomato co-founder and CEO Deepinder Goyal was quoted by The Times of India as saying: “We don’t see the ceiling to how big this market could become just yet. What we know is that this market is very high frequency, and customers are very sticky as they end up placing more than 20 orders a month on the Tonguestun platform.”

A statement posted on Zomato website read: “For all of Tonguestun’s customers, all contracts stay intact – and again, nothing changes. It will be business as usual today, as well as tomorrow. Everything will run as smoothly as it previously did. With more execution muscle, we are only going to provide TongueStun’s users more delight and better food choices. Our increased speed of growth will benefit our food partners – caterers and restaurants tremendously. The team will stay intact as 100% of the team at TongueStun is being retained in their original roles.”

In the recent years, Zomato acquired 11 startup businesses in the country including Runnr, MapleGraph, Sparse Labs, NexTable, Mekanist, Urbanspoon, Cibando, LunchTime, Obedovat and Menu Mania.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In February, Alibaba’s payment affiliate Ant Financial agreed to acquire a stake in Zomato for $50m.