// startup autopsy
Restorando
Argentina's leading restaurant booking platform acquired by OpenTable and silently wound down.
acquisition gone wrongMarket Exit
Fatal mistake: Acquisition Failure
| Founded | 2011 |
|---|---|
| Closed | 2022 |
| Country | Argentina |
| Sector | Marketplace |
// the model, blind
Evaluating only Restorando’s profile at its peak — without knowing the outcome — the model ranked Acquisition gone wrong as the #1 likely cause. That’s exactly how it died.
Key Events Timeline
FOUNDING
FOUNDING
Restorando founded
FOUNDING
Restorando founded
FUNDING
Raised 7.5 million dollars from Kaszek Ventures and NXTP Labs to expand to Chile, Colombia, Brazil and Mexico.
ACQUISITION ATTEMPT
SHUTDOWN
Shutdown: Restorando ceases operations
ACQUISITION ATTEMPT
Acquired by TripAdvisor to extend TheFork restaurant booking brand into Latin America; team initially retained but integration began immediately.
ACQUISITION ATTEMPT
Acqui-hire: Restorando ceases operations
SHUTDOWN
TripAdvisor wound down independent Restorando operations and redirected focus to European core markets; Latin American restaurant platform closed.
CRISIS
SHUTDOWN