wordpress blog stats
Connect with us

Hi, what are you looking for?

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.)

Advertisement. Scroll to continue reading.

It also claims to have 6,500 restaurants in 9 cities: Delhi, Mumbai, Bangalore, Hyderabad, Chennai, Pune, Kolkata , Ahmedabad, and Chandigarh. This is puzzling, because on its website, the company claims to have 2 million app downloads, 5 million “diners” and 32,000 restaurants. (Update: Dineout says that it has 32,000 listed restaurants, of which 6,500 are available for table reservations. Its payment service Dineout Pay is available at 6,000 restaurants.)

In 2015, Dineout acquired Bangalore-based restaurant management company inResto. inResto’s product included a dashboard for manage table reservations, home delivery, takeaways, customer feedback, mobile payments, and loyalty programs.

Funding

  • January 2014: TechCircle reported that Dineout was in talks to raise Series A funding from an institutional investor in India. It is unclear if the funding was raised or what the amount was.
  • October 2012: It raised Rs 60 lakh from founders of Travel Boutique online – Ankush Nijhawan and Gaurav Bhatnagar.

Edit: We’ve updated the story with responses from Dineout.

Written By

I cover health, policy issues such as intermediary liability, data governance, internet shutdowns, and more. Hit me up for tips.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

News

By Stella Joseph, Prakhil Mishra, and Yash Desai The Government of India circulated proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020 (“E-Commerce Rules”) which...

News

By Rahul Rai and Shruti Aji Murali A little less than a year since their release, the Consumer Protection (E-commerce) Rules, 2020 is being amended....

You May Also Like

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ