Japan’s Recruit acquires Berlin-based restaurant booking site Quandoo for $220 million

Japan’s Recruit acquires Berlin-based restaurant booking site Quandoo for $220 million

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Recruit Holdings (TSE:6098), one of Japan’s larger employment and Internet services companies, announced today that it has acquired Berlin-based online restaurant booking site Quandoo for 26.5 billion yen (about $221 million).

Since its launch back in April 2013 in Berlin, Quandoo has served more than 6,000 restaurants in 13 countries. Prior to the acquisition, Recruit Holdings invested an undisclosed sum in Quandoo during the previous round in October 2014.

We have learned that Recruit Technologies, a systems engineering-focused subsidiary under Recruit Holdings, has been engaging in Berlin’s local startup community, which suggests that the Japanese conglomerate is massively exploring investment opportunities in promising startups in the region.

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Edited by “Tex” Pomeroy