New Delhi: Swiggy, a food delivery aggregator, can get Dineout. The business is also in the early stages of discussion. As of yet, the size and scope of the transaction is unknown. However, previous discussions between CRED and Dineout cost restaurant management and table reservation around $ 38 million.
According to Mint sources, negotiations for a purchase began about two months ago, while the altar is still seeking an agreement with CRED. However, people close to the situation say it is still in the early stages, and the purchase, and its price, has not yet been confirmed.
Dineout, founded in 2012 by Ankit Mehrotra, Sahil Jain, Nikhil Bakshi, and Vivek Kapoor, immediately gained popularity with customers. After two years of operation, the altar received a supply from the Internet Times. Times Internet bought Dineout in 2014 for an estimated Rs.60 crores through its portal TimesCity. “There is no such thing right now,” Mehrotra said of the heated debate in the headlines. These are ongoing discussions. We collaborated with Swiggy and CRED on a number of initiatives, which may explain why this arose. ”
With a thick air with rumors, it appears Swiggy is in the same way as Zomato. Zomato, in particular, stretches its tentacles through many verticals, but has to kill a few as a result. Swiggy’s interest in Dineout reception could indicate that the food delivery mixer decided to expand its services into better food and beverage solutions.
“Dineout is a widely used point-of-sale (PoS) system, loyalty program, and table reservation system.” Swiggy can acquire these technologies, staff, and customers who have already used these platforms as a result of the acquisition, ”said Samir Kuckreja, creator of Tasanaya Hospitality, in an interview with Mint. Dineout acquired PoS technology in 2018 when it paid for an unknown. sum for Gourmet and Torqus Passport, a cloud-based PoS platform.