Swiggy acquires Times Internet's Dineout
Dineout will continue to operate as an independent app
May 16, 2022 04:27:00 AM | Article | Campaign India Team Share -
Swiggy has announced the acquisition of Dineout from Times Internet.
Post the acquisition, the dining out and restaurant tech platform will continue to operate as an independent app post.
Dineout's founders Ankit Mehrotra, Nikhil Bakshi, Sahil Jain and Vivek Kapoor will join Swiggy once the acquisition is completed.
Sriharsha Majety, CEO, Swiggy, said, “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. The acquisition will allow Swiggy to explore synergies and offer new experiences in a high-use category.”
Mehrotra said, “At Dineout, we always wanted to revolutionise 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."
Satyan Gajwani, vice chairperson, Times Internet, said, “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."