Japanese recipe sharing site Cookpad announced today that it has acquired two companies doing similar business: US-based Allthecooks and Spain-based Mis Recetas. Cookpad has no intention to integrate its services with these two, but plans to share knowledge about providing better user experiences and explore possible business synergies.
Mis Recetas is a user-generated content platform for sharing recipes. It has 400 million users with about 6 million monthly visitors across Mexico, Argentina, Spain and other countries. Their iOS app is ranked tops in food and drink iOS category in 17 Spanish-speaking countries. It also provides an Android version.
Allthecooks is a US-based recipe site that launched back in December of 2012, and their smartphone app has over 1 million users and is ranked number one in the recipe app category on Google Play.
According to Japanese tech news sites CNet Japan and IT Media, Cookpad reportedly took over the Spanish company for 1.12 billion yen ($10.7 million), and the US company for a price ranging from $5 million to $10 million.