M&A Deal Summary

Swiggy Acquires Dineout

On May 13, 2022, Swiggy acquired internet software and services company Dineout from Times Internet

Acquisition Highlights
  • This is Swiggy’s 2nd transaction in the Internet Software and Services sector.
  • This is Swiggy’s 2nd transaction in India.

M&A Deal Summary

Date 2022-05-13
Target Dineout
Sector Internet Software and Services
Buyer(s) Swiggy
Sellers(s) Times Internet
Deal Type Divestiture

Target

Dineout

Noida, India
Dineout is an operator of a dining out and restaurant tech solutions platform in B2C and B2B front with InResto & Torqus, processing more than 100M diners for its partner restaurants across its network of 50,000 restaurants in 20 cities. Dineout was founded in 2012 and is based in Noida, India.

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Buyer(S) 1

Buyer

Swiggy

Bengaluru, India

Category Company
Founded 2013
Sector Internet Software and Services
DESCRIPTION

Bundl Technologies Pvt. Ltd. is a food ordering and delivery company. A single window for ordering from a wide range of restaurants, we have our own exclusive fleet of delivery personnel to pickup orders from restaurants and deliver it to customers. Bundl Technologies Pvt. Ltd. was founded in 2013 and is based in Bengaluru, India.


DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
Country: India M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-02 Scootsy Logistics Pvt.

Mumbai, India

Scootsy Logistics Pvt. Ltd. is an online delivery of food, gifts, cakes, clothes and many other products. Scootsy Logistics Pvt. Ltd was founded in 2014 and is headquartered in Mumbai, India.

Buy -

Seller(S) 1

SELLER

Times Internet

Gurgaon, India

Category Company
Founded 1999
Sector Media
DESCRIPTION

Times Internet Ltd. is a digital product company.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-18 House of God

New Delhi, India

House of God is a provider of spiritual content on mobile. House of God has accumulated one of the largest libraries of religious content spanning over 30,000 hours and encompassing different religions.

Buy -