CURRENT AFFAIRS

Detailed explanation-1: -Founders Ankit Mehrotra, Nikhil Bakshi, Sahil Jain and Vivek Kapoor will join Swiggy once the acquisition is completed. Food delivery major Swiggy has acquired table reservation platform Dineout for an undisclosed amount.

Detailed explanation-2: -Dineout brings with it an industry-leading network of over 50,000 restaurant partners along with invaluable experience and proven technology. Swiggy will benefit from this, along with Dineout’s team, who are passionate about the restaurant dining out category.

Detailed explanation-3: -Dineout will continue to operate as an independent app, the company said in a press statement. Following the acquisition, Swiggy will build on Dineout’s strengths and take on Zomato’s dine-in business, bringing dining reservations to its suite of offerings.

Detailed explanation-4: -Bengaluru: Online food-delivery app Swiggy has entered into a definitive agreement with Times Internet to acquire restaurant tech and dining out platform Dineout.

Detailed explanation-5: -Swiggy had acquired Dineout in-line with plans to acquire a large chunk of the food industry going digital.