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Yelp just spent $80M on a site for car repair estimates
Yelp, which made a name for itself giving restaurant recs, just bought an auto services website for $80 million in cash.
In the company’s earnings report on Thursday, Yelp revealed that it agreed to buy RepairPal, a site for car repair estimates, for $80 million in cash. In recent years, Yelp has added functionality beyond restaurant and business search tools, like an AI-powered feature that suggests plumbers, repairmen, and other home service providers to users potentially in need of them. The acquisition is a nice exit for San Francisco-based RepairPal, which managed to raise $21.3 million in funding from Cars.com, Tugboat Ventures, and others in the 17 years since the company’s founding.
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