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Updated: Times Internet’s Dineout acquires Torqus

Times Internet's restaurant booking service Dineout has acquired Pune-based SaaS company Torqus which provides restaurant management software. This is Dineout's second acquisition this year: it had acquired food and beverages deals platform 'Gourmet Passport' earlier this year. Gourmet Passport offers food and beverage deals in Delhi NCR, Mumbai and Bangalore in tie-ups with 300 restaurants. (Update: Gourmet Passport has tie ups with 600 restaurants and is also present in Hyderabad.) Torqus will remain an independent business, and its entire team will join Dineout. Torqus offers point-of-sale management, customer data management, delivery tracking, SMS marketing, and supply chain management services. It was started by Tanmay Ratnaparkhe and Suneet Kulkarni in 2013 as a PoS service. Ratnaparkhe, CEO of Torqus, said that the acquisition would help it meet client deliverables quicker. The company now claims to have a user base of 3,500 outlets in 70 cities in India and 4 unnamed countries. Torqus' clients includes Freshmenu, Theobroma, The Bowl Company, Curefit, Coffee by Di Bella, Swensen's, Barshala, Baker’s Basket, Malaka Spice and InnerChef.  Dineout: a brief history Dineout was acquired by Times Internet owned TimesCity in 2014. In July 2015, TimesCity was split into three separate services: Dineout, Whatshot.in and Filmipop. Dineout claims to have 10 million "diners" - it does not specify if these are overall registered or active users. (Update: Dineout said that "diners" means the number of people who use the platform to visit the restaurant, pay their restaurant bill or those processed through inResto.) It also claims to have 6,500 restaurants in…

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