Dineout, a dining out and table reservation platform, on Tuesday announced the acquisition of Torqus, a SaaS-based restaurant management software provider. The move will strengthen its position as a full stack technology service provider in the online restaurant-booking space.
The acquisition of Pune-based Torqus will further enhance Dineout’s bouquet of services to the restaurant industry. The company, along with inResto, a CRM platform for recognising, personalising and re-engaging diners, will provide an end-to-end tech solution for the restaurant industry as a whole, covering a wide range of use cases, said a release.
“The food industry is thriving with innovations and we are excited to announce the acquisition of Torqus, thus effectively making Dineout a full-stack technology service provider to the restaurant industry. While most of the innovations have been taking place in the aggregation and delivery space, Dineout and Torqus will together enable us to tap into the restaurant market,” said Ankit Mehrotra, Co-founder and Business Head of Dineout.
“The wide range of SaaS products offered by Torqus and Dineout’s wide reach will certainly redefine the restaurant market in India,” he said.
This is Dineout’s third acquisition after it acquired restaurant management and food delivery system inResto in 2015. It also acquired Gourmet Passport, an app for best food deals, in 2018.
“Torqus is already the most comprehensive SaaS-based restaurant management software platform in the industry. We are excited to join Dineout as together we can deliver the best end-to-end experience to restaurateurs – from generating new business to managing backend operations,” said Tanmay Ratnaparkhe, Co-founder and CEO of Torqus.
“Today, nobody else can claim to map the entire end-customer spectrum as intricately as we can do now. The entire team of Torqus will join Dineout post acquisition, where it will run as an independent business. The additional resources will assist us in ensuring innovation and client deliverables are achieved at a much higher pace,” he added.
Noida-based Dineout was founded by school friends-turned entrepreneurs Ankit Mehrotra, Vivek Kapoor, Sahil Jain and Nikhil Bakshi in 2012. It claims to have over 10 million customers across 6,500 restaurants in nine cities in India.
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