Renamed as Zomato Base, it has a functional Android-based POS system that uses custom hardware for better reliability and customization.
It offers restaurants features such as menu and inventory management, and has a built-in payment solution to accept debit and credit card payments. With this acquisition, Zomato claimed it will be better placed to provide business-focused solutions for restaurants, which in turn, will help the company offer highly differentiated services to the end consumer.
Zomato Base incorporates menu management, inventory management, recipe management, customer relationship management, data analytics, electronic receipts, offline transaction support, payment gateway integration and a 'stealth' feature which Zomato claims will change the way restaurants go about their business forever.
This is the first product acquisition for Zomato. Since July 2014, it 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 good footing in Australia, Canada and the United States.
Zomato will work on integrating the POS product's services with its consumer product over the next few months. Later, it will start offering Zomato Base to restaurant businesses across the world.
"Zomato is the only food-tech company in the world which is building products for consumers as well as restaurant owners," said Zomato founder and CEO Deepinder Goyal.
"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. MaplePOS is a great point-of-sale product, and we are excited about the prospect of working with the MaplePOS team to build this further," he added.
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