Hotel Reservation Platform Dineout
has acquired Bengaluru based inResto Service Pvt. Ltd. Dineout, part of Times
Internet Ltd was founded in 2012. It has listings of over 20,000 restaurants and
operates in seven Indian cities. Dineout has raised an undisclosed amount in
funding so far in January 2014.
Food tech companies have been
adding new services to consolidate its market share in the fast growing space.
Deepinder Goyal founded Zomato Media Pvt. Ltd. launched services to reserves a
table, book cabs and make payments on its app as well. InResto has so far
seated over 1 Million restaurant diners in three cities in the six months since
its launch.
The acquisition will ensure that
restaurants get one dashboard to manage different functions like reservation,
home delivery, takeaways, customer feedback and mobile payments and other
restaurant management function. Post the acquisition the whole team at inResto will
join Dineout in Bengaluru.
In coming months, Dineout is
planning to launch a developer platform that will enable any service across the
food tech ecosystem to integrate with them to reach a wider set of restaurants.
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