Yelp has acquired its portfolio company Nowait, a restaurant booking app that it backed last August.
US-based restaurant reservation app provider Nowait has been acquired by review platform Yelp for $40m in cash, TechCrunch reported yesterday.
Yelp previously invested $8m in Nowait in August 2016 as part of a strategic partnership.
Founded in 2010, Nowait operates an app that enables users to join a virtual queue at restaurants, enabling them to secure a table without physically standing in the door. The app is primarily aimed at casual restaurants that do not traditionally take bookings.
The acquisition…
