Social dining and the start-ups that spawn it represent a fantastic way to socialize and network over one of the world’s great equalizers – delicious food. Venice, California based Grubwithus, who manage a social dining network in the Bay Area, have decided to expand their operations into Canadian soil via the acquisition of Vancouver based The Social Feed.
Financial terms and parameters of the deal have yet to be disclosed, however it has been confirmed that the deal was fully paid for in cash. According to Betakit, the three co-founders of the The Social Feed, who cite themselves as the site for the young and social has agreed to remain with the company as Canadian advisors.
Launched in January of 2011, Social has hosted various dinners for large groups ranging in size from 14 to 60 in both Vancouver as well as Toronto. The concept and its success are in line with what Grubwithus aims to accomplish, which is the ability for its users to select and suggest meals while also benefiting from meeting with people who share the same passion for food.
Grubwithus had raised $5 million in May of this year, and this marks the company’s first major move since said funding round. According to CEO Eddy Lu, the company keeps tabs on all of their competitors, of which there are several, and are constantly determining how to reach and excel in new markets.
The company’s next plan, with the help of The Social Feed is international expansion into the UK as well as English speaking parts of Asia.
Samsung to Unveil the Galaxy Note 2 on August 29
TELUS Handling Their Business – Raise 2012 Revenue Forecast
Lunches So Good Kids Can’t Ignore Them
Invigorating Ginger Smoothie
The U.K.’s Youngest Parents Ever
The new hair Jennifer Lawrence
Just want to say your article is as astounding.
The clarity in your post is simply cool and i can assume you’re an expert on this subject. Well with your permission let me to grab your feed to keep up to date with forthcoming post. Thanks a million and please carry on the enjoyable work.
Hello, every time i used to check weblog posts here early in the dawn, for the reason
that i like to gain knowledge of more and more.
Hello there! Do you use Twitter? I’d like to follow you if that would be okay. I’m definitely enjoying your blog and look forward to new posts.
Quality articles is the important to be a focus for the viewers to go to
see the web site, that’s what this website is providing.