Swiggy acquires Dineout in $120 Million from Times Internet

Swiggy acquire Dineout

Indian food delivery giant Swiggy acquires Times Internet-backed Dineout, a restaurant reservation platform

Updated: 17 May, 2022: Indian food delivery giant Swiggy has announced that it has acquired Times Internet-backed Dineout. This move is seen as a strategic one by Swiggy, as it looks to bolster its position in the Indian food delivery market.

Dineout is India’s leading online restaurant reservation and dining out platform, and with this acquisition, Swiggy will gain access to its extensive user base of foodies and restaurateurs.

Swiggy is already the largest player in the Indian food delivery market, and with Dineout’s resources, it is sure to strengthen its position even further.

Commenting on the acquisition, Sriharsha Majety, CEO and Co-founder of Swiggy, said, “At Swiggy, we are constantly looking for ways to better serve our customers and partners.

This acquisition will help us provide an even better experience to diners across India as we continue to grow our business.”

Ankit Mehrotra, Co-founder of Dineout, added, “We are excited to join forces with Swiggy and bring the best in class dining experiences to more diners across the country.

This partnership will also benefit restaurants as they look to expand their online presence and reach out to a wider audience.”

This acquisition is a major coup for Swiggy, and is sure to help it consolidate its position as the leading player in the Indian food delivery market.

With Dineout’s user base and resources, Swiggy will be able to provide an even better experience to its customers. This is a win-win for both companies and will benefit diners and restaurants alike.

About Swiggy

Swiggy is India’s leading food delivery platform. The company was founded in 2014 by Sriharsha Majety, Nandan Reddy, and Rahul Jaimini. Swiggy has over 1 lakh partner restaurants across India and delivers to more than 500 cities.

About Dineout

Dineout is India’s largest online restaurant reservation platform. The company was founded in 2012 by Ankit Mehrotra, Nikhil Bakshi, Sahil Jain, and Vivek Kapoor. Dineout has over 50,000 partner restaurants across India.

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