Online food delivery platform Swiggy announced the acquisition of Dineout, a dining out and restaurant tech platform.
Dineout, which serves millions across its network of 50,000 restaurants in 20 cities, will continue to operate as an independent app post the acquisition. Dineout founders — Ankit Mehrotra, Nikhil Bakshi, Sahil Jain, and Vivek Kapoor — will join Swiggy once the acquisition is completed.
“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 of Swiggy.
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.
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 190,000 restaurant partners and stores in over 520 cities.