Zomato has acquired MaplePOS, a cloud-based point of sale product for restaurants. This is the eighth acquisition for the restaurant search company.
Zomato has already renamed the MaplePOS product to 'Zomato Base'.
The software platform is Android-based point of sales system that uses custom hardware for a more reliable and customisable product experience. It offers restaurants features such as menu and inventory management, and has a built-in payment solution to accept debit and credit card payments.
In September 2014, Zomato launched Zomato for Business, an app that allows restaurant owners to update their menus, pictures, details, and special offers in real time. In February, Zomato launched its cashless product in Dubai, and the company's online ordering product is scheduled to be launched in India later this month. Zomato has been focusing on creating a seamless in-app experience for its consumers as well as for restaurant owners, which will allow the company to build on top of its core restaurant search offering.
Deepinder Goyal, Founder and CEO, Zomato, said: “Zomato is the only food-tech company in the world which is building products for consumers as well as restaurant owners. There is a lot that can be done if we are able to build a technology platform that connects consumers to restaurants and vice versa, and we believe that a world-class cloud-based POS system is the first step towards building that platform."
MapleGraph, the company that developed MaplePOS was founded in 2011 by Arun Tangri, Varun Tangri, and Abhishek Rohilla.
This is the first product acquisition for Zomato. Since July 2014, Zomato has acquired seven companies in various parts of the world to extend its reach in the restaurant search space. This includes the acquisition of Urbanspoon, which gave Zomato a dominant position in Australia, Canada, and the United States.