Online restaurant reservation provider OpenTable Inc. has acquired mobile payment startup JustChalo Inc. for $11 million.
In the first quarter of 2013, reservations booked on mobile devices accounted for 36 percent of the 34 million diners OpenTable seated in North America, the company says in its press release.
Since the introduction of its mobile options in November 2008, OpenTable has seated more than 60 million diners through reservations booked on mobile devices.
"Mobile is increasingly important to our business and the JustChalo team's expertise will help accelerate our development efforts in this area," Joseph Essas, chief technology officer of OpenTable, states in the release.
"We're looking forward to integrating JustChalo's engineers into our team and continuing to enhance the mobile experience for diners and our restaurant customers," Essas says.
San Francisco-based OpenTable declined to provide more information about its plans for incorporating JustChalo's mobile technology. JustChalo, based in Mumbai, India and Saratoga, Calif., did not respond to inquiries by deadline. The companies announced the acquisition last week.
OpenTable has used the services of online and mobile payment processor Braintree for more than two years for processing and for compliance with the Payment Card Industry data security standard.
JustChalo, founded by Kashyap Deorah and Rishi Deshpande, develops mobile payments apps, and was creating an app for the U.S. market through a subsidiary called Chalo.