Times Internet owned TimesCity has acquired restaurant booking table service DineOut, but the company refused to disclose the terms of the deal. DineOut lets you book tables in restaurants in return for discounts or offers and TimesCity had tied-up with the company some time last year when it introduced table booking feature on its website. The service had signed similar deals with other restaurant booking services such as BookYourTable and Mobikon as well. Miten Sampat, GM & Business Head at TimesCity said that these deals will continue despite DineOut acquisition as each of these services differ in terms of restaurant type and the area they cover. DineOut website and phone lines will continue to operate for now. Meanwhile TimesCity is integrating table-reservations capability across all its platforms, and will merge the platforms in due course. Sampat says they decided to acquire DineOut as the company was better from a technology point of view compared to its competitors. "When we looked at various partners, we thought they did the best job of solving the problem. They were using the right technology and platform, while following a scalable model," Sampat says. DineOut had raised angel funding of Rs 60 lakhs from the founders of Travel Boutique online in 2012. It currently caters to more than 450 restaurants spread out over Delhi and Mumbai and has tie-ups with other services such as BuzzInTown which will continue post the acquisition. He says that the service has grown at a rate of 10% month-on-month and has served 200,000 customers in the past 18…
