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May 16, 2022

Swiggy to take over restaurant tech platform Dineout

The deal will allow Swiggy to enter the high-use dining out category.

Indian food delivery platform Swiggy has agreed to buy restaurant table booking app Dineout from Times Internet.

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  • An overview of dine-in, takeaway, and delivery forecasts up to 2026
  • Areas foodservice industry players should be focusing on for digital investment
  • Consumer insight into attitudes towards digital convenience
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  • Key examples of top industry players
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Established in 2012 by founders Ankit Mehrotra, Nikhil Bakshi, Sahil Jain and Vivek Kapoor, Dineout has a network of more than 50,000 restaurant partners.

The deal will allow Swiggy to enter the high-use dining out category.

In February, Swiggy was reportedly in talks with Dineout over the acquisition.

Swiggy CEO Sriharsha Majety said: “Dineout is a well-loved brand that enjoys loyalty from both consumers and restaurants.

“Times Internet and the founding team should be credited for the transformational impact they have brought about in the dining out experience through their products, technology and vast selection of restaurant partners.

“The acquisition will allow Swiggy to explore synergies and offer new experiences in a high-use category.”

The Dineout founding team will join Swiggy as part of the deal.

In a blog post, Swiggy said that the transaction will enable it to ‘double down on the synergies’ with the services of Dineout.

Dineout will retain its operational independence upon completion of the deal.

Commenting on the deal, Dineout co-founder and CEO Ankit Mehrotra said: “At Dineout, we always wanted to revolutionise the restaurant industry and this acquisition is an accelerating step towards the same goal.

“We strongly feel that with Swiggy’s deep understanding of the ecosystem and our shared passion for a superior consumer and restaurant experience, our joint forces will help provide a holistic platform in this industry.”

Free Report
img

Meet emerging digital demand in the foodservice industry

Global digital pressures are making waves across sectors. The foodservice industry is seeing particular impact as consumers change the way they operate. It is therefore essential to know how to navigate the challenges that digital is presenting to the industry and its consumers. GlobalData’s free report explores the market outlook for the global foodservice industry, with insights into how foodservice operators, brands, and their suppliers can meet changing demands. Key features in this report include:
  • An overview of dine-in, takeaway, and delivery forecasts up to 2026
  • Areas foodservice industry players should be focusing on for digital investment
  • Consumer insight into attitudes towards digital convenience
  • Challenges facing foodservice, in terms of investment and logical considerations
  • Key examples of top industry players
Adapt and stay on top. Download our free report now.
by GlobalData
Enter your details here to receive your free Report.

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