M&A

M&A

Swiggy in talks to buy table booking app Dineout

Mint  

Food aggregator Swiggy is in early talks to acquire Times Internet-backed Dineout. The food delivery app is exploring either a complete or partial buyout of the restaurant management and table booking firm. Dineout has a point-of-sale (PoS) system that is widely used by restaurants, a loyalty programme and a table reservation system. The acquisition could lead to Swiggy acquiring these technologies, teams, and customers who are using these platforms already. Dineout was acquired by Times Internet in 2014 through its TimesCity platform for an estimated value of INR 60 crore.