Food delivery service Swiggy said Friday (May 13) it’s set to acquire Dineout, the Indian dining and restaurant tech platform.
Swiggy, which is also based in India, said in a news release that Dineout will continue to function as an independent app following the acquisition.
“Designed to capitalize on Dineout’s unique assets and leading position in the dining out space, the acquisition will enable Swiggy to cater to every food occasion,” the release said. “Swiggy will double down on the synergies with Dineout’s offerings, including dining out table reservations and events.”
Dineout brings with it a network of more than 50,000 restaurant partners, along with its experience and technology. Its team will join the company too, including founders Ankit Mehrotra, Nikhil Bakshi, Sahil Jain and Vivek Kapoor.
Swiggy CEO Sriharsha Majety said the founders “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.”
Swiggy said that in the last 20 months, it has increased its food delivery business and expanded Instamart, its quick commerce grocery delivery to 28 cities, and Genie, its pick-up and drop service, to 68 cities.
See also: Food Delivery Services Zomato, Swiggy Investigated by Indian Antitrust Regulators
Last month, reports emerged that the Competition Commission of India (CCI) was looking into Swiggy and rival food delivery service Zomato over allegations of the companies not being as neutral as they should be.
The investigation followed a complaint by the National Restaurant Association of India, which said Zomato and Swiggy misused consumer data and charged excessive rates for commissions. Both companies have denied these charges.
“A conflict of interest situation has arisen in the present case, both with regard to Swiggy as well as Zomato … which may come in the way of them acting as neutral platforms,” the CCI said in an order.