Food aggregator and delivery platform Swiggy on May 13 said that it has signed a definitive agreement with Times Internet to acquire Dineout, a restaurant tech platform.
Swiggy did not disclose the size of the deal and said that Dineout would continue to operate as an independent app even after the acquisition. Swiggy said it is looking to capitalise on Dineout’s assets and leverage its position in the dining out space.
The acquisition will help Swiggy to expand its offerings to dining out table reservations and events, Swiggy said. Swiggy also said that the acquisition will allow its restaurant partners to reach more customers. Dineout has a network of over 50,000 restaurants, which Swiggy would leverage.