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← All autopsies·Argentina·Marketplace
// startup autopsy

Restorando

Latin America's OpenTable. TripAdvisor acquired it. Shut down 2016.

acquisition gone wrong
Founded2011
Closed2016
CountryArgentina
SectorMarketplace
Raised$18M
FounderAugusto Ortega

// the model, blind

Evaluating only Restorando’s profile at its peak — without knowing the outcome — the model ranked Competition as the #1 likely cause. Documented cause: Acquisition gone wrong.

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Documented cause

Restorando was a restaurant discovery and reservation platform operating across 8 Latin American countries with 5,000 restaurant partners. TripAdvisor acquired it in 2014 to expand into Latin America. By 2016, TripAdvisor had integrated Restorando's restaurant data into its main platform and shut down the independent product. The local team was dispersed and the brand was retired.

Lesson

“When a global platform acquires a local marketplace, understand what they are actually buying: the product, the team, or the data. If it is the data, the product will be shut down once the migration is complete.”

FAQ

What happened to Restorando?

Restorando, a restaurant discovery platform across 8 Latin American countries, was acquired by TripAdvisor in 2014. After extracting restaurant data into its main platform, TripAdvisor shut down the independent Restorando product in 2016.

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// INVESTORS THAT BACKED RESTORANDO
Atomico↗
VC
€5M – €20M
Serie A · Serie B
Kaszek Ventures
VC
Serie A · Serie B
Flybridge Capital Partners↗
VC
Serie B · Serie C
Emergence Capital Partners
VC
Undisclosed · Serie B
Storm Ventures↗
VC
Seed · Serie B