Seven year old start up, Swiggy to acquire Dineout
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On-demand convenience platform Swiggy on Friday said it has entered into a definitive agreement with Times Internet to acquire dining out and restaurant tech platform Dineout for an undisclosed sum.
According to a media report, the deal values Dineout at $200 million and it’s an all-equity deal.
Dineout, which serves diners across its network of 50,000 restaurants in 20 cities, will continue to operate as an independent app post the acquisition, Swiggy said in a statement.
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