Another international player has acquired into the European restaurant reservation space. Recruit has thrown its hat into the ring alongside Priceline, Trip Advisor and Yelp which have all acquired recently. As always with marketplace-type models, the spoils will go to whoever can build the biggest and most liquid marketplace. Let the battle for supremacy in Europe begin.
Restaurant reservation service Quandoo, a major European rival to OpenTable, is being acquired by Japan’s Recruit in a deal worth 27.11 billion yen, that’s around $219 million. Berlin-based Quandoo, which was founded in 2012, took a strategic investment from Recruit — via its RGIP venture capital fund — in October, and now the Japanese company has returned to snap up the remaining 92.91 percent of the company to give it 100 percent ownership. Last year Quandoo closed its Series $25m growth financing round lead by Piton Capital, along with Holtzbrinck Ventures and DN Capital.