Australia-based telecoms operator Telstra’s corporate venturing unit has made its first investment in a local company by backing online restaurant reservations start-up Dimmi.
Founded last year, Telstra Applications and Ventures Group provided an undisclosed multi-million dollar amount to Dimmi and earlier in the month introduced its BigPond Dining website in collaboration with the new portfolio company.
Launched in September 2009, Dimmi is Australia’s largest restaurant booking network.