NEW DELHI: Dineout, India’s largest dining out platform, on Tuesday announced the acquisition of Pune-based Torqus, a leading SaaS-based restaurant management software provider, further strengthening its position as a fullstack technology service provider in the online restaurant-booking space.
The acquisition of Torqus will further enhance Dineout’s bouquet of services to the restaurant industry. The company along with inResto, a one-stop 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.
Announcing the acquisition of Torqus, Ankit Mehrotra, co-founder of Dineout, said: “The food industry is thriving with innovations and we are excited to announce the acquisition of Torqus, thus effectively making Dineout a fullstack 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 combined will enable us to tap into the immense possibilities in the restaurant market.”
The platform consisting of Dineout, Dineout Pay, Gourmet Passport, Torqus and inResto will become the largest platform in India offering B2C and B2B services to the restaurant industry, with a combined client base of nearly 10,000 restaurants across 70+ cities in India.
Dineout was acquired by Times Internet Limited, a subsidiary of BCCL, the publisher of this news portal in April 2014.
The development was reported by ETRetail.com