Acquisition · Commerce & Consumer Brands
Swiggy acquires Dineout from Times Internet
By Startup Enthusiast ·
- Date
- Company
- Swiggy
- What it does
- Food delivery and restaurant tech
- Kind
- Acquisition
What they do
Swiggy is a food delivery and restaurant technology platform
What happened
It has acquired Dineout, a dining-out and restaurant tech platform, from Times Internet for an undisclosed amount
Why it matters
Dineout will continue as an independent app, and its founders will join Swiggy after the deal closes
The details
- Swiggy has acquired Dineout, a dining-out and restaurant tech platform, from Times Internet.
- The acquisition amount has not been disclosed.
- Dineout will continue to operate as an independent app after the acquisition.
- The co-founders of Dineout — Ankit Mehrotra, Nikhil Bakshi, Sahil Jain, and Vivek Kapoor — will join Swiggy after the deal closes.
- Swiggy CEO Sriharsha Majety will lead the combined entity.
- This is Swiggy's latest acquisition after buying Kint.io, Supr Daily, Scootsy, and 48East in the past.
The bigger picture
- Swiggy is expanding beyond food delivery into dining-out and restaurant technology.
- Dineout brings a network of 50,000+ restaurant partners across 20 Indian cities.
- The deal strengthens Swiggy's position in the restaurant ecosystem, competing with Zomato's dining-out offerings.
About the business
- Swiggy is a food delivery platform connecting customers with restaurants.
- It has expanded into quick commerce with Instamart, now in 28 cities.
- It also offers a pickup and drop service called Genie, available in 68 cities.
- Dineout is a dining-out and restaurant tech platform that provides table reservations and event bookings.
- Dineout has 50,000+ restaurant partners across 20 Indian cities.
What happens next
- Dineout will continue as an independent app.
- Dineout's founders will join Swiggy to help integrate the platform.
The deal
- Type
- acquisition
Founders
- Sriharsha Majety, CEO of Swiggy
- Phani Kishan Addepalli, Co-founder of Swiggy
- Nandan Reddy, Co-founder of Swiggy
- Ankit Mehrotra, Co-founder & CEO of Dineout
- Nikhil Bakshi, Co-founder of Dineout
- Sahil Jain, Co-founder of Dineout
- Vivek Kapoor, Co-founder of Dineout
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