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Tuesday , 18 September 2018
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Dineout – Company Profile

Dineout is a leading table reservation platform that allows diners to discover new restaurants, book table reservations, get discounts & offers and earn cashbacks. Dineout was launched in 2012 and is headquartered in Delhi. The Dineout platform can be accessed via iOS and Android apps, website and concierge desk. Dineout has registered significant growth over the years and currently offers its services across top Indian cities such as Delhi/NCR, Mumbai, Bengaluru, Pune, Chennai, Kolkata, Ahmedabad and Hyderabad. The Dineout platform has a listing of more than 18,000 restaurants and real-time table reservation service is available at more than 3,500 outlets across India. On an average, more than 400,000 diners utilize Dineout’s network every month.

History:

Dineout’s story began when the founders realized that they were visiting the same set of restaurants every time they planned to dine out. They realized that this was the case with most other diners in the country. When they discussed the subject, they realized that diners were often not aware about all the restaurants in their area. Diners were also concerned about not finding the right kind of food they were looking for. Last, but not least, diners just didn’t have a platform that can help find them the right restaurant. Aiming to resolve these problems, the founders decided to launch a dedicated restaurant discovery and table reservation platform. The founders were inspired by Opentable, a leading online restaurant reservation service in the United States. Aiming to bring the same concept to India, they launched Dineout in 2012. A major milestone for Dineout was when it was merged with Times Internet Limited, a wholly-owned subsidiary of Bennet & Coleman Co. Ltd. The deal was structured in a way that Dineout continues to operate in an independent manner.

Funding:

Till date, Dineout has received funding worth USD 888,000.

Acquisitions:

Dineout acquired inResto Services Pvt Ltd in 2015. inResto Services Pvt Ltd is a restaurant management solutions startup based out of Bengaluru. The acquisition helped Dineout to provide a dedicated platform to restaurants that would allow them to manage a wide variety of tasks such as table reservations, food delivery, takeaways, payments processing, loyalty programs, customer feedback, etc.

Competition:

Dineout competes with other players in the restaurant discovery and table reservation space such as Zomato, Clicktable, Tablegrabber, Loofre, Eazydiner, etc.

About the Founders:

Dineout was founded in 2012 by Ankit Mehrotra, Vivek Kapoor, Nikhil Bakshi and Sahil Jain. All four co-founders continue to work at Dineout with Ankit Mehrotra leading the team as the Chief Executive Officer (CEO). Ankit is a Chartered Financial Analyst (CFA) and he had earlier worked with BNP Paribas.

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