Swiggy to acquire Dineout – Times of India

NEW DELHI: On-demand comfort platform Swiggy on Friday mentioned it has entered right into a definitive settlement with Instances Web to accumulate eating out and restaurant tech platform Dineout for an undisclosed sum. Dineout, which serves diners throughout its community of fifty,000 eating places in 20 cities, will proceed to function as an impartial app publish the acquisition, Swiggy mentioned in a press release.
Founders of Dineout — Ankit Mehrotra, Nikhil Bakshi, Sahil Jain and Vivek Kapoor — will be a part of Swiggy as soon as the acquisition is accomplished, it added.
“The acquisition will permit Swiggy to discover synergies and provide new experiences in a high-use class,” Swiggy CEO Sriharsha Majety mentioned.
Dineout co-founder & CEO Ankit Mehrotra mentioned, “We strongly really feel that with Swiggy’s deep understanding of the ecosystem and our shared ardour for a superior client and restaurant expertise, our joint forces will assist present a holistic platform on this business.”
Stating that Dineout has created a constructive influence for shoppers and eating places, Instances Web Vice Chairman Satyan Gajwani mentioned the mixture of Swiggy and Dineout is a robust one.
Swiggy mentioned the acquisition of Dineout will allow it to cater to each meals event and it’ll “double down on the synergies with Dineout’s choices, together with eating out desk reservations and occasions. In time, restaurant companions will be capable to attain extra clients and develop their enterprise”.

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