Airbnb May Be Getting Into Yelp's Territory With Its Latest Acquisition

Gauri ManglikFondu CEO Gauri Manglik will now work for Airbnb.

The team behind Fondu, an app which resembled Yelp and focused on “bite-sized local reviews,” has joined Airbnb.After making a splash at TechCrunch Disrupt, the company raised $575,000 and thenĀ pivoted its product last May.

But now it looks like they’ll be working on Airbnb projects. The Fondu serviceĀ will shut down on November 1. That’s a typical part of so-called “acquire-hire” deals where a larger company pays off a startup’s investors and hires the team, but doesn’t take on the products they were working on.

It’s not a bad exit for 24-year-old cofounder and CEO, Gauri Manglik. The amount wasn’t disclosed, but it’s safe to assume Manglik’s team got a decent chunk of stock. And with Airbnb raising a fresh new round at a rumoured $2 billion to $3 billion valuation, there are worse places the young team could have landed.

“With their product’s roots in layering discovery and community for trusted recommendations, there is a natural synergy between Fondu and Airbnb,” an Airbnb spokesperson tells AllThingsD. “We believe this will make for a better host and guest experience for our growing community.”

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