210 total views
Swiggy, the online food ordering giant of India has announced that they entered into an agreement with Times of India to acquire Dineout which is India’s leading dining out platform that has a great consumer base in India.
This acquisition will help Swiggy to capture the restaurant dining out the market in India. As the Dineout platform has already an industry-leading network of 50,000 restaurant partners along with invaluable experience and proven technology. So, Swiggy will ensure to capitalize on Dineout’s unique assets and this will enable Swiggy to cater to every food occasion.
Post Acquisition, the Dineout will continue to work as an independent app.
“At Dineout, we always wanted to revolutionize 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,” said Ankit Mehrotra, Co-founder & CEO.
“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,” said Sriharsha Majety, CEO, Swiggy. “The acquisition will allow Swiggy to explore synergies and offer new experiences in a high-use category.”
“We are proud of the positive impact that Dineout has created for consumers and restaurants, helping streamline and improve the eating out experience. Swiggy + Dineout is a powerful combination, and we are excited to join forces with Swiggy as we continue to look for ways to delight customers,” said Satyan Gajwani, Vice Chairman of Times Internet.
You can read the complete Press Release posted on the Swiggy official website.