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Swiggy enters high-end dining market with acquisition of Dineout

Online food delivery platform Swiggy on Friday announced it has acquired Dineout, a dining out and restaurant tech platform, for an undisclosed sum.

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Swiggy | acquisition

IANS  |  Bengaluru 

Quick commerce
"The acquisition will allow Swiggy to explore synergies and offer new experiences in a high-use category," Majety added.

Online food delivery platform on Friday announced it has acquired Dineout, a dining out and restaurant tech platform, for an undisclosed sum.

Dineout, which serves millions across its network of 50,000 restaurants in 20 cities, will continue to operate as an independent app post the .

"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," said Sriharsha Majety, CEO, .

Dineout founders will join once the is completed.

"The will allow Swiggy to explore synergies and offer new experiences in a high-use category," Majety added.

Founded in 2012 by Ankit Mehrotra, Nikhil Bakshi, Sahil Jain, and Vivek Kapoor, Dineout helps people discover the best restaurants, make table reservations, enjoy discounts and privileges across select restaurants.

The acquisition will also help Swiggy's restaurant partners reach more customers and grow their business.

"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," said Mehrotra, Co-founder and CEO, Dineout.

In the last 20 months, Swiggy has also expanded Instamart, its quick commerce grocery delivery to 28 cities, and Genie, its pick up and drop service to 68 cities.

The food delivery platform currently connects consumers to over 1,90,000 restaurant partners and stores in over 520 cities.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Fri, May 13 2022. 15:48 IST
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