E27.CO: Zomato, the online restaurant guide, has acquired MaplePOS, a cloud-based point of sale product for restaurants at an undisclosed sum. It has already renamed the MaplePOS product to Zomato Base.
Founded in 2011 by Delhi-based MapleGraph, MaplePOS offers restaurants features such as menu and inventory management, and has a built-in payment solution to accept debit and credit card payments. This is the first product acquisition for Zomato after it acquired seven companies in various parts of the world.
On the acquisition, 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.”
The detailed list of features in Zomato Base include 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.
Zomato will work on integrating the POS product’s services with the consumer product over the next few months and after the integration, Zomato will start offering Zomato Base to restaurant businesses across the world.
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.