Cookpad, a Tokyo Stock Exchange-listed recipe network, has acquired Bengaluru-based online recipe-blogging startup Cucumbertown for an undisclosed sum, making its entry into the Indian market.
"It is a fairly large deal," said Cherian Thomas, co-founder of Cucumbertown. He, however, declined to share the size of the transaction.
Established in 1997, Cookpad currently has over two million recipes created by a user base of 25 million. The $100-million company is expected to work with Cucumbertown on a global culinary map. Cucumbertown, which has eight employees in Bengaluru and one in the US, will remain as an independent subsidiary under Cookpad.
Cucumbertown had in 2012 raised $300,000 from angel investors like AngelList's Naval Ravikant and FarmVille co-creator Sizhao Yang, followed by an undisclosed amount in a Series-A round onding from Helion Venture Partners and Ludlow Ventures.