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Dineout Raises Rs 60L Angel Funding From Travel Boutique Online Founders

Dineout Services Pvt Ltd that runs an online restaurant booking site Dineout.co.in, has raised an angel round of funding from the founders of Travel Boutique online – Ankush Nijhawan and Gaurav Bhatnagar, a B2B online travel agency, as reported by TechCircle.

According to another report by Pluggd.in, Dineout seems to have received Rs 60 lakh in the angel round. The company claims that the investment will be used to grow technology back end, develop mobile applications for platforms such as iOS and Android, and for marketing. The company also plans to expand its operations in Mumbai and Bangalore by the end of first quarter in 2013.

The website offers online booking of restaurants as well as booking from phone. Apart from that, it also offers discounts while booking a restaurant, and also allows users to book restaurants over BBM (BlackBerry Messenger). The site currently accepts booking in Delhi – NCR and claims to have tied up with more than 200 restaurants in the region. Dineout was founded by Ankit Mehrotra, Sahil Jain and Nikhil Bakshi. The company claims that it is clocking 8,000 bookings a month.

In April 2012, MIH Group, a subsidiary of Naspers, and owner of Ibibo, acquired a 51% stake in Gurgaon-based travel company Tek Travels, which owns B2B travel portal Travel Boutique Online.

Other Players

Dineout competes with Tablewalla.com, an online restaurant reservation site, which recently launched its website in Beta and has started accepting table booking for restaurants in Mumbai and Delhi. There’s also JustEat, which launched its services in India by acquiring  HungryZone. JustEat lists “750+ restaurants” for takeways and table bookings, and has only expanded to Bangalore, Mumbai and Delhi.

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Apart from that it also competes with FoodPanda, an online food ordering service owned by Rocket Internet, which launched in India in June this year. FoodPanda lists 232 restaurants in Delhi. Bookurtable.com, a web and mobile service that allows users to make restaurant reservations and order food in seven Indian cities including Bangalore, Chennai, Delhi/NCR, Hyderabad, Kolkata, Mumbai and Pune. TableGrabber is another online service that allows users to book and get confirmed restaurant reservations in Delhi/NCR and Mumbai.

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